UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $112.99 Million Stake in Ferrovial SE (NASDAQ:FER)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Ferrovial SE (NASDAQ:FER) by 15.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,616,147 shares of the company’s stock after selling 491,976 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.35% of Ferrovial worth $112,991,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Metis Global Partners LLC grew its holdings in shares of Ferrovial by 2.1% during the third quarter. Metis Global Partners LLC now owns 67,569 shares of the company’s stock worth $2,902,000 after purchasing an additional 1,390 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ferrovial by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock valued at $12,484,000 after acquiring an additional 3,828 shares during the period. Susquehanna International Securities Ltd. bought a new position in shares of Ferrovial during the second quarter valued at $228,000. Assenagon Asset Management S.A. lifted its holdings in shares of Ferrovial by 27.0% during the third quarter. Assenagon Asset Management S.A. now owns 32,187 shares of the company’s stock worth $1,386,000 after purchasing an additional 6,834 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Ferrovial in the third quarter worth $296,000.

Ferrovial Price Performance

NASDAQ:FER opened at $41.37 on Monday. 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 moving average price is $40.69.

Ferrovial Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 7th will be paid a dividend of $0.4592 per share. The ex-dividend date of this dividend 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 Ferrovial to a “hold” rating in a report on Tuesday, November 12th.

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.