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AMSTERDAM - Ferrovial (market capitalization: $38.46 billion) announced Monday three executive appointments within Cintra, its highways division, as the global infrastructure company repositions its leadership team in the United States. The company, which boasts an impressive 87% gross profit margin according to InvestingPro data, has demonstrated strong financial performance with 7.43% revenue growth in the last twelve months.
Alberto González has been named Director of Business Development, Javier Tamargo becomes U.S. CEO, and Ricardo Bosch has been appointed Director of Strategy. All three executives will be based at the company’s U.S. headquarters in Austin, Texas, and will report to Cintra CEO Andrés Sacristán.
González, who previously served as U.S. CEO, will now lead business development efforts to identify strategic opportunities and partnerships. He has been with Ferrovial since 2004 and brings over 20 years of infrastructure development experience to the role.
Tamargo will oversee all U.S. highway assets, including TEXpress Lanes in Texas, I-77 Express in North Carolina, and 66 Express Outside the Beltway in Northern Virginia. He joined the company in 2002 and most recently served as President and CEO of 407 ETR in Canada.
Bosch, appointed as Director of Strategy, will lead implementation of strategic initiatives related to new asset classes, partnerships, and acquisition opportunities. He has over 25 years of experience in public-private partnerships and has served as Cintra’s North America Head of Business Development for the past 12 years.
"We see an attractive pipeline of assets in the U.S. and globally," Sacristán said in a press release statement. With a P/E ratio of 10.21 and trading near its 52-week high of $56.43, Ferrovial appears overvalued according to InvestingPro’s Fair Value model. Subscribers can access 12 additional ProTips and comprehensive financial metrics to better understand the company’s growth potential.
Ferrovial operates in more than 15 countries with over 25,000 employees worldwide. The company is triple-listed on Euronext Amsterdam, Spanish Stock Exchanges, and Nasdaq, and is included in Spain’s IBEX 35 index. The infrastructure giant maintains a steady 1.39% dividend yield and has maintained dividend payments for 21 consecutive years.
In other recent news, Ferrovial has increased its stake in the 407 ETR highway in Ontario, Canada, to 48.29% by acquiring additional shares. This transaction involved purchasing 25,580,287 common shares from AtkinsRéalis Group Inc. and exercising a call option for another 13,672,501 shares, totaling a 5.06% stake at CAD $1.99 billion. This strategic move reshapes the ownership structure of this essential Canadian infrastructure asset. Simultaneously, Citi analysts have raised their price target for Ferrovial to $58.40, maintaining a Buy rating. The analysts cited the company’s strong core assets, including the 407 ETR toll road and managed lanes in the U.S., as reasons for their positive outlook. Ferrovial’s New Terminal One project at JFK Airport is nearing completion, with operations expected to start in early 2026, potentially enhancing free cash flows. Additionally, the company’s investment in Infraestructuras Rodoviarias Brasileiras and opportunities in the U.S. managed lanes market could further support valuation growth. These developments highlight Ferrovial’s strategic investments and growth potential in the infrastructure sector.
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