Ferrovial (NASDAQ:FER) Upgraded at Zacks Research

Zacks Research upgraded shares of Ferrovial (NASDAQ:FER) from a strong sell rating to a hold rating in a research note released on Wednesday,Zacks reports.

A number of other research analysts also recently issued reports on the stock. Bank of America reiterated a “buy” rating on shares of Ferrovial in a research note on Monday, September 14th. JPMorgan Chase & Co. downgraded shares of Ferrovial from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 6th. Kepler Capital Markets lowered shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Tuesday, September 22nd. Finally, Citigroup upgraded shares of Ferrovial from a “hold” rating to a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.47.

Ferrovial Stock Performance

Shares of FER traded down $0.52 during midday trading on Wednesday, hitting $58.71. The company had a trading volume of 3,213,176 shares, compared to its average volume of 2,618,856. Ferrovial has a 1 year low of $48.00 and a 1 year high of $74.79. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20. The company’s 50-day simple moving average is $54.26 and its 200-day simple moving average is $64.05.

Ferrovial Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 6th will be paid a €0.83 dividend. The ex-dividend date is Friday, November 6th.

Institutional Trading of Ferrovial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC boosted its holdings in shares of Ferrovial by 84.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 546 shares of the company’s stock valued at $30,000 after buying an additional 250 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Ferrovial by 32.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock worth $60,000 after acquiring an additional 272 shares in the last quarter. Parallel Advisors LLC raised its stake in Ferrovial by 87.1% during the 3rd quarter. Parallel Advisors LLC now owns 855 shares of the company’s stock worth $46,000 after acquiring an additional 398 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in Ferrovial by 172.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 689 shares of the company’s stock worth $37,000 after acquiring an additional 436 shares in the last quarter. Finally, Groupama Asset Managment lifted its position in Ferrovial by 4.2% in the first quarter. Groupama Asset Managment now owns 12,377 shares of the company’s stock valued at $805,000 after acquiring an additional 499 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Company Profile

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects.

Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.

Ferrovial is led by Chief Executive Officer Ignacio Madridejos and Chairman Rafael del Pino.