Ferrovial (NASDAQ:FER) Shares Gap Up – Here’s What Happened

Ferrovial SE (NASDAQ:FER) gapped up prior to trading on Monday . The stock had previously closed at $38.76, but opened at $40.82. Ferrovial shares last traded at $40.40, with a volume of 12,632 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised shares of Ferrovial to a “hold” rating in a research note on Tuesday, November 12th.

Ferrovial Stock Up 1.0 %

The company’s 50-day moving average is $40.77.

Ferrovial Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.4592 per share. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from Ferrovial’s previous — dividend of $0.33.

Institutional Investors Weigh In On Ferrovial

A number of hedge funds have recently added to or reduced their stakes in FER. Metis Global Partners LLC raised its holdings in shares of Ferrovial by 2.1% during the third quarter. Metis Global Partners LLC now owns 67,569 shares of the company’s stock valued at $2,902,000 after buying an additional 1,390 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ferrovial by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock valued at $12,484,000 after acquiring an additional 3,828 shares during the period. Susquehanna International Securities Ltd. bought a new stake in Ferrovial during the 2nd quarter valued at $228,000. Assenagon Asset Management S.A. boosted its position in Ferrovial by 27.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 32,187 shares of the company’s stock worth $1,386,000 after acquiring an additional 6,834 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Ferrovial in the third quarter worth $296,000.

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.