Ferrovial (NASDAQ:FER) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Ferrovial (NASDAQ:FER) from a strong sell rating to a hold rating in a report released on Tuesday, MarketBeat Ratings reports.

A number of other research firms have also commented on FER. BNP Paribas Exane raised shares of Ferrovial from an “underperform” rating to a “neutral” rating in a research report on Tuesday. Wall Street Zen downgraded shares of Ferrovial from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Ferrovial Stock Performance

Ferrovial stock opened at $52.78 on Tuesday. Ferrovial has a 1-year low of $37.93 and a 1-year high of $56.43. The firm’s fifty day simple moving average is $50.32 and its 200-day simple moving average is $45.78.

Ferrovial Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were given a $0.3029 dividend. This is a boost from Ferrovial’s previous — dividend of $0.04. The ex-dividend date of this dividend was Friday, May 23rd.

Hedge Funds Weigh In On Ferrovial

Several large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC grew its position in Ferrovial by 0.8% in the 1st quarter. Hsbc Holdings PLC now owns 24,913,875 shares of the company’s stock worth $1,107,414,000 after purchasing an additional 196,985 shares during the last quarter. Vanguard Group Inc. grew its position in Ferrovial by 2.4% during the first quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company’s stock worth $865,748,000 after buying an additional 452,211 shares in the last quarter. TCI Fund Management Ltd. grew its position in Ferrovial by 1.2% during the fourth quarter. TCI Fund Management Ltd. now owns 19,333,428 shares of the company’s stock worth $812,724,000 after buying an additional 238,184 shares in the last quarter. Amundi increased its stake in Ferrovial by 43.9% during the first quarter. Amundi now owns 17,636,889 shares of the company’s stock valued at $808,475,000 after acquiring an additional 5,376,610 shares during the period. Finally, Bank of America Corp DE raised its holdings in Ferrovial by 30.2% in the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company’s stock valued at $663,374,000 after acquiring an additional 3,657,704 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.