State Street Corp Makes New Investment in Ferrovial SE (NASDAQ:FER)

State Street Corp purchased a new stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150,103 shares of the company's stock, valued at approximately $6,483,000.

A number of other hedge funds also recently added to or reduced their stakes in FER. Hsbc Holdings PLC purchased a new position in Ferrovial in the 2nd quarter worth about $921,680,000. Legal & General Group Plc bought a new stake in shares of Ferrovial in the second quarter worth approximately $325,256,000. Toronto Dominion Bank purchased a new position in shares of Ferrovial during the second quarter valued at approximately $79,653,000. Bank of Montreal Can bought a new position in Ferrovial during the second quarter valued at approximately $69,715,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Ferrovial by 5.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,628,846 shares of the company's stock worth $69,830,000 after purchasing an additional 89,293 shares during the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Ferrovial Stock Performance

Shares of FER traded down $0.22 on Friday, reaching $42.37. The company's stock had a trading volume of 46,824 shares, compared to its average volume of 32,366. The stock's 50 day simple moving average is $40.95 and its two-hundred day simple moving average is $40.99. Ferrovial SE has a 12-month low of $35.30 and a 12-month high of $48.29.

Ferrovial Cuts Dividend

The firm also recently declared a -- dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.0366 per share. The ex-dividend date was Monday, December 16th.

Analyst Ratings Changes

FER has been the subject of a number of research reports. Royal Bank of Canada upgraded shares of Ferrovial to a "hold" rating in a research note on Tuesday, November 12th. Bank of America upgraded Ferrovial from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd.

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.