Lazard Asset Management LLC Sells 515,836 Shares of Ferrovial SE $FER

by · The Markets Daily

Lazard Asset Management LLC lessened its holdings in shares of Ferrovial SE (NASDAQ:FER – Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,965,547 shares of the company’s stock after selling 515,836 shares during the period. Ferrovial makes up approximately 1.4% of Lazard Asset Management LLC’s holdings, making the stock its 13th largest position. Lazard Asset Management LLC’s holdings in Ferrovial were worth $830,408,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC increased its position in Ferrovial by 3.2% in the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock worth $411,000 after buying an additional 197 shares during the period. Drive Wealth Management LLC boosted its position in shares of Ferrovial by 5.4% in the fourth quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock valued at $257,000 after acquiring an additional 203 shares during the period. MML Investors Services LLC boosted its position in shares of Ferrovial by 3.4% in the fourth quarter. MML Investors Services LLC now owns 6,887 shares of the company’s stock valued at $445,000 after acquiring an additional 226 shares during the period. Hancock Whitney Corp grew its stake in shares of Ferrovial by 1.6% in the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after acquiring an additional 230 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after acquiring an additional 246 shares during the period. Institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Performance

FER opened at $63.25 on Monday. Ferrovial SE has a fifty-two week low of $50.72 and a fifty-two week high of $74.79. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average price is $66.79 and its two-hundred day moving average price is $67.93.

Ferrovial Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.5578 per share. The ex-dividend date was Tuesday, May 19th.

Analyst Ratings Changes

Several research firms recently commented on FER. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Finally, Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $75.30 to $70.00 in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.47.

View Our Latest Stock Report on Ferrovial

Ferrovial Company Profile

(Free Report)

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.

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