SG Americas Securities LLC Invests $101,000 in Ferrovial SE (NASDAQ:FER)

SG Americas Securities LLC purchased a new position in Ferrovial SE (NASDAQ:FER) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,400 shares of the company’s stock, valued at approximately $101,000.

Several other hedge funds have also recently modified their holdings of FER. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ferrovial in the 3rd quarter worth approximately $296,000. Ausbil Investment Management Ltd bought a new position in shares of Ferrovial during the 3rd quarter worth approximately $9,262,000. Assenagon Asset Management S.A. raised its stake in shares of Ferrovial by 27.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 32,187 shares of the company’s stock worth $1,386,000 after acquiring an additional 6,834 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Ferrovial by 5.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,628,846 shares of the company’s stock worth $69,830,000 after acquiring an additional 89,293 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in shares of Ferrovial by 2.1% during the 3rd quarter. Metis Global Partners LLC now owns 67,569 shares of the company’s stock worth $2,902,000 after acquiring an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Up 1.0 %

NASDAQ FER opened at $44.35 on Thursday. The company has a 50 day moving average price of $42.46 and a 200 day moving average price of $41.41. Ferrovial SE has a 52 week low of $35.30 and a 52 week high of $48.29.

Ferrovial Cuts Dividend

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

Analysts Set New Price Targets

FER has been the subject of several recent analyst 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 shares of Ferrovial from a “neutral” rating to a “buy” rating in a research note 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.