Ferrovial SE (NASDAQ:FER) Stock Position Increased by Jennison Associates LLC

Jennison Associates LLC boosted its position in shares of Ferrovial SE (NASDAQ:FER) by 47.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,109 shares of the company’s stock after buying an additional 116,114 shares during the quarter. Jennison Associates LLC’s holdings in Ferrovial were worth $15,184,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Metis Global Partners LLC lifted its holdings in Ferrovial by 2.1% in the 3rd quarter. Metis Global Partners LLC now owns 67,569 shares of the company’s stock valued at $2,902,000 after acquiring an additional 1,390 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ferrovial during the fourth quarter valued at approximately $101,000. Crossmark Global Holdings Inc. boosted its holdings in Ferrovial by 17.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 22,517 shares of the company’s stock worth $947,000 after buying an additional 3,407 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ferrovial by 1.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock worth $12,484,000 after buying an additional 3,828 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Ferrovial by 27.0% in the third quarter. Assenagon Asset Management S.A. now owns 32,187 shares of the company’s stock valued at $1,386,000 after buying an additional 6,834 shares in the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised Ferrovial to a “hold” rating in a research note 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 $42.58 on Thursday. Ferrovial SE has a fifty-two week low of $35.30 and a fifty-two week high of $48.29. The firm’s 50 day simple moving average is $42.32 and its 200-day simple moving average is $41.38.

Ferrovial Cuts Dividend

The company also recently announced 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 of this dividend was Monday, December 16th.

Ferrovial Company 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.