Bank of Montreal Can Sells 634,439 Shares of Ferrovial SE (NASDAQ:FER)

Bank of Montreal Can lowered its stake in Ferrovial SE (NASDAQ:FER) by 36.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,105,199 shares of the company’s stock after selling 634,439 shares during the quarter. Bank of Montreal Can owned approximately 0.15% of Ferrovial worth $47,779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FER. Susquehanna International Securities Ltd. bought a new position in shares of Ferrovial in the second quarter worth about $228,000. Allspring Global Investments Holdings LLC bought a new position in shares of Ferrovial in the third quarter worth about $296,000. Oppenheimer Asset Management Inc. bought a new position in shares of Ferrovial in the second quarter worth about $307,000. Hancock Whitney Corp bought a new position in shares of Ferrovial in the second quarter worth about $352,000. Finally, Acadian Asset Management LLC bought a new position in shares of Ferrovial in the second quarter worth about $370,000.

Ferrovial Price Performance

Ferrovial stock opened at $41.12 on Thursday. The firm has a 50 day moving average price of $40.74. Ferrovial SE has a 1 year low of $35.30 and a 1 year high of $48.29.

Ferrovial Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 7th will be paid a $0.4592 dividend. The ex-dividend date is Thursday, November 7th. This is an increase from Ferrovial’s previous — dividend of $0.33.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Ferrovial to a “hold” rating in a report on Tuesday, November 12th.

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.