Quaero Capital S.A. Sells 10,560 Shares of Ferrovial SE (NASDAQ:FER)

Quaero Capital S.A. cut its holdings in shares of Ferrovial SE (NASDAQ:FER) by 36.6% in the 4th quarter, Holdings Channel reports. The firm owned 18,290 shares of the company’s stock after selling 10,560 shares during the period. Quaero Capital S.A.’s holdings in Ferrovial were worth $769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Partners Group Holding AG bought a new stake in Ferrovial during the third quarter worth $36,538,000. Ausbil Investment Management Ltd bought a new stake in Ferrovial during the third quarter worth $9,262,000. Charles Schwab Investment Management Inc. bought a new stake in Ferrovial during the third quarter worth $940,000. Luxor Capital Group LP lifted its stake in Ferrovial by 203.8% during the third quarter. Luxor Capital Group LP now owns 871,945 shares of the company’s stock worth $37,659,000 after purchasing an additional 584,963 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its stake in Ferrovial by 183.0% during the third quarter. Zurich Insurance Group Ltd FI now owns 332,034 shares of the company’s stock worth $14,281,000 after purchasing an additional 214,723 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Bank of America upgraded shares of Ferrovial from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, November 12th.

Ferrovial Trading Up 0.5 %

Shares of NASDAQ:FER opened at $45.09 on Friday. The company has a fifty day moving average of $42.53 and a 200-day moving average of $41.46. 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 disclosed a — dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.0366 dividend. The ex-dividend date was 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.