Franklin Resources Inc. trimmed its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 80.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,171 shares of the company's stock after selling 44,562 shares during the period. Franklin Resources Inc.'s holdings in Ferrovial were worth $472,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FER. Canada Pension Plan Investment Board acquired a new stake in shares of Ferrovial during the 2nd quarter worth $19,051,000. Partners Group Holding AG purchased a new stake in Ferrovial during the third quarter valued at about $36,538,000. Ausbil Investment Management Ltd purchased a new stake in Ferrovial during the third quarter valued at about $9,262,000. Exane Asset Management acquired a new stake in Ferrovial during the second quarter worth about $20,938,000. Finally, ProShare Advisors LLC purchased a new position in shares of Ferrovial in the 2nd quarter worth about $2,137,000. Hedge funds and other institutional investors own 22.28% of the company's stock.
FER has been the subject of a number of research reports. Bank of America upgraded Ferrovial from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised shares of Ferrovial to a "hold" rating in a research report on Tuesday, November 12th.
Read Our Latest Analysis on Ferrovial
Shares of NASDAQ FER opened at $42.03 on Wednesday. The stock has a fifty day moving average price of $40.99 and a 200 day moving average price of $41.03. Ferrovial SE has a 12-month low of $35.30 and a 12-month high of $48.29.
The business 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 was Monday, December 16th.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Ferrovial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferrovial wasn't on the list.
While Ferrovial currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.