Ferrovial SE (NASDAQ:FER) Stock Now Rated “Hold” by Sell-Side Brokerages

Ferrovial SE (NASDAQ:FER) has earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $70.47.

FER has been the topic of a number of recent research reports. Zacks Research upgraded shares of Ferrovial from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of Ferrovial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Mediobanca upgraded shares of Ferrovial to an “outperform” rating in a research report on Wednesday, August 19th. Wall Street Zen lowered shares of Ferrovial from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings cut shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd.

Hedge Funds Weigh In On Ferrovial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its position in Ferrovial by 84.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 546 shares of the company’s stock valued at $30,000 after purchasing an additional 250 shares during the period. Elevation Wealth Partners LLC boosted 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 during the last quarter. Parallel Advisors LLC boosted 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 during the last quarter. Farther Finance Advisors LLC grew its holdings in Ferrovial by 32.7% during the third quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock valued at $60,000 after purchasing an additional 272 shares during the period. Finally, Jacobi Capital Management LLC acquired a new position in Ferrovial during the third quarter valued at approximately $102,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Stock Performance

NASDAQ FER opened at $58.71 on Friday. The firm has a 50-day simple moving average of $54.26 and a 200 day simple moving average of $64.05. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. Ferrovial has a twelve month low of $48.00 and a twelve month high of $74.79.

Ferrovial Announces Dividend

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

About Ferrovial

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.