Ferrovial (NASDAQ:FER) Reaches New 1-Year High – Here’s What Happened

Shares of Ferrovial SE (NASDAQ:FER) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $68.54 and last traded at $68.1810, with a volume of 648375 shares traded. The stock had previously closed at $67.34.

Analysts Set New Price Targets

FER has been the topic of a number of research reports. Citigroup reissued a “buy” rating and issued a $75.30 price objective (up previously from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research note on Wednesday, January 7th. Sanford C. Bernstein downgraded Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.30.

Ferrovial Stock Up 1.3%

The stock has a fifty day moving average price of $65.61 and a 200 day moving average price of $59.85.

Ferrovial Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a dividend of $0.077 per share. The ex-dividend date was Friday, December 5th.

Hedge Funds Weigh In On Ferrovial

Large investors have recently made changes to their positions in the company. Perigon Wealth Management LLC bought a new position in Ferrovial during the 4th quarter valued at about $245,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Ferrovial during the fourth quarter valued at approximately $1,060,000. J. Safra Sarasin Holding AG boosted its position in shares of Ferrovial by 3.5% during the fourth quarter. J. Safra Sarasin Holding AG now owns 1,054,570 shares of the company’s stock valued at $68,544,000 after buying an additional 35,232 shares during the period. Cooper Investors PTY Ltd. grew its stake in shares of Ferrovial by 0.3% during the fourth quarter. Cooper Investors PTY Ltd. now owns 127,941 shares of the company’s stock valued at $8,266,000 after buying an additional 424 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its holdings in shares of Ferrovial by 27.9% in the fourth quarter. Kathmere Capital Management LLC now owns 5,460 shares of the company’s stock worth $353,000 after buying an additional 1,192 shares during the period. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Company Profile

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.