Ferrovial SE (NASDAQ:FER) Receives Average Rating of “Hold” from Analysts

Ferrovial SE (NASDAQ:FER) has received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

Several research firms have weighed in on FER. Wall Street Zen downgraded shares of Ferrovial from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. BNP Paribas upgraded shares of Ferrovial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 24th. BNP Paribas Exane upgraded shares of Ferrovial from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 24th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a report on Wednesday, June 25th.

Institutional Trading of Ferrovial

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Ferrovial in the 2nd quarter worth about $498,625,000. Amundi increased its position in shares of Ferrovial by 43.9% during the 1st quarter. Amundi now owns 17,636,889 shares of the company’s stock valued at $808,475,000 after purchasing an additional 5,376,610 shares during the last quarter. Bank of America Corp DE increased its position in shares of Ferrovial by 30.2% during 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 purchasing an additional 3,657,704 shares during the last quarter. Maple Brown Abbott Ltd purchased a new stake in shares of Ferrovial during the 1st quarter valued at about $152,224,000. Finally, Nuveen LLC purchased a new stake in shares of Ferrovial during the 1st quarter valued at about $65,565,000. Institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Up 0.4%

NASDAQ:FER opened at $54.85 on Friday. The firm’s fifty day moving average is $52.42 and its 200-day moving average is $48.48. Ferrovial has a 52 week low of $37.93 and a 52 week high of $56.43.

Ferrovial Increases Dividend

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

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.