Ferrovial (NASDAQ:FER) Upgraded to Neutral at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Ferrovial (NASDAQ:FER) from an underperform rating to a neutral rating in a research report report published on Tuesday morning, Marketbeat Ratings reports.

Separately, Wall Street Zen lowered shares of Ferrovial from a “buy” rating to a “hold” rating in a research note on Friday, June 6th.

Ferrovial Trading Up 1.6%

Ferrovial stock opened at $52.10 on Tuesday. Ferrovial has a twelve month low of $37.93 and a twelve month high of $56.43. The firm’s 50 day moving average price is $50.04 and its two-hundred day moving average price is $45.67.

Ferrovial Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.3029 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from Ferrovial’s previous — dividend of $0.04.

Hedge Funds Weigh In On Ferrovial

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in shares of Ferrovial by 346.5% during the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock worth $1,080,000 after buying an additional 18,809 shares during the period. Zurich Insurance Group Ltd FI lifted its holdings in shares of Ferrovial by 32.4% during the first quarter. Zurich Insurance Group Ltd FI now owns 181,345 shares of the company’s stock valued at $8,073,000 after acquiring an additional 44,372 shares during the period. USS Investment Management Ltd boosted its stake in shares of Ferrovial by 1.5% in the 1st quarter. USS Investment Management Ltd now owns 111,036 shares of the company’s stock valued at $4,949,000 after purchasing an additional 1,663 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ferrovial by 880.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock worth $2,204,000 after purchasing an additional 47,892 shares in the last quarter. Finally, Hancock Whitney Corp lifted its holdings in Ferrovial by 14.9% during the 1st quarter. Hancock Whitney Corp now owns 14,104 shares of the company’s stock valued at $634,000 after purchasing an additional 1,825 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

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.