Royal London Asset Management Ltd. Invests $4.16 Million in Ferrovial SE (NASDAQ:FER)

Royal London Asset Management Ltd. bought a new stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 96,474 shares of the company's stock, valued at approximately $4,159,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in shares of Ferrovial during the second quarter valued at approximately $19,051,000. M&G Plc purchased a new stake in Ferrovial in the second quarter worth $43,583,000. Partners Group Holding AG purchased a new stake in Ferrovial in the third quarter worth $36,538,000. Ausbil Investment Management Ltd purchased a new stake in Ferrovial in the third quarter worth $9,262,000. Finally, Exane Asset Management purchased a new stake in Ferrovial in the second quarter worth $20,938,000. Institutional investors own 22.28% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada raised Ferrovial to a "hold" rating in a research note on Tuesday, November 12th. Bank of America raised Ferrovial from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd.

Ferrovial Trading Down 0.6 %

Shares of NASDAQ FER traded down $0.27 during trading on Monday, reaching $43.20. The company had a trading volume of 251,669 shares, compared to its average volume of 30,455. Ferrovial SE has a 12-month low of $35.30 and a 12-month high of $48.29. The business's 50-day moving average is $40.67 and its 200 day moving average is $40.72.

Ferrovial Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be paid a $0.0366 dividend. The ex-dividend date is Monday, December 16th.

Ferrovial Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.