Assenagon Asset Management S.A. Sells 3,149 Shares of Ferrovial SE (NASDAQ:FER)

Assenagon Asset Management S.A. trimmed its holdings in shares of Ferrovial SE (NASDAQ:FER) by 9.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 29,038 shares of the company’s stock after selling 3,149 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ferrovial were worth $1,221,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Susquehanna International Securities Ltd. bought a new position in Ferrovial during the second quarter worth about $228,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Ferrovial in the 3rd quarter worth approximately $296,000. Natixis Advisors LLC bought a new position in shares of Ferrovial during the 3rd quarter worth approximately $447,000. United Services Automobile Association acquired a new stake in Ferrovial in the 3rd quarter valued at $743,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Ferrovial in the 3rd quarter valued at $940,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on FER. Royal Bank of Canada raised Ferrovial to a “hold” rating in a report on Tuesday, November 12th. Bank of America upgraded shares of Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd.

Ferrovial Stock Up 1.2 %

FER stock opened at $43.87 on Friday. The business has a fifty day moving average price of $41.61 and a 200 day moving average price of $41.27. Ferrovial SE has a fifty-two week low of $35.30 and a fifty-two week high of $48.29.

Ferrovial Cuts Dividend

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

About Ferrovial

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.