Fmr LLC Sells 485,490 Shares of Ferrovial SE (NASDAQ:FER)

Fmr LLC reduced its stake in shares of Ferrovial SE (NASDAQ:FER) by 76.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 148,111 shares of the company’s stock after selling 485,490 shares during the period. Fmr LLC’s holdings in Ferrovial were worth $6,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Susquehanna International Securities Ltd. purchased a new stake in shares of Ferrovial during the second quarter valued at approximately $228,000. Allspring Global Investments Holdings LLC bought a new stake in Ferrovial in the third quarter worth $296,000. Oppenheimer Asset Management Inc. purchased a new position in Ferrovial in the second quarter worth about $307,000. Hancock Whitney Corp bought a new stake in shares of Ferrovial in the 2nd quarter worth $352,000. Finally, Acadian Asset Management LLC bought a new position in Ferrovial during the 2nd quarter valued at about $370,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on FER shares. Royal Bank of Canada raised Ferrovial to a “hold” rating in a research report 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 Price Performance

Ferrovial stock opened at $43.29 on Friday. The company’s 50-day moving average is $40.68 and its 200 day moving average is $40.79. Ferrovial SE has a 1-year low of $35.30 and a 1-year high of $48.29.

Ferrovial Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be given a dividend of $0.0366 per share. The ex-dividend date is 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.