Ferrovial (NASDAQ:FER) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Ferrovial (NASDAQ:FER) from a buy rating to a hold rating in a research report released on Friday morning.

Ferrovial Stock Performance

Shares of FER opened at $51.37 on Friday. Ferrovial has a one year low of $37.92 and a one year high of $56.43. The firm has a 50 day simple moving average of $48.22 and a two-hundred day simple moving average of $44.81.

Ferrovial Increases Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.3029 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from Ferrovial’s previous — dividend of $0.04.

Institutional Trading of Ferrovial

A number of hedge funds and other institutional investors have recently modified their holdings of FER. Hsbc Holdings PLC grew its stake in shares of Ferrovial by 0.8% in the first 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. raised its holdings in shares of Ferrovial by 2.4% during the first quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company’s stock valued at $865,748,000 after purchasing an additional 452,211 shares during the period. TCI Fund Management Ltd. raised its holdings in shares of Ferrovial by 1.2% in the 4th quarter. TCI Fund Management Ltd. now owns 19,333,428 shares of the company’s stock worth $812,724,000 after acquiring an additional 238,184 shares during the last quarter. Amundi raised its holdings in shares of Ferrovial by 43.9% in the 1st quarter. Amundi now owns 17,636,889 shares of the company’s stock worth $808,475,000 after acquiring an additional 5,376,610 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Ferrovial by 30.2% in the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company’s stock worth $663,374,000 after acquiring an additional 3,657,704 shares during the last quarter. Institutional investors own 22.28% of the company’s stock.

Ferrovial Company Profile

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.