Ferrovial SE (NASDAQ:FER – Get Free Report) shares saw strong trading volume on Wednesday . 1,506,331 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 1,420,146 shares.The stock last traded at $62.6560 and had previously closed at $61.77.
Analyst Upgrades and Downgrades
A number of research firms recently commented on FER. Weiss Ratings lowered shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th. Finally, Zacks Research raised Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.47.
Get Our Latest Stock Analysis on Ferrovial
Ferrovial Trading Up 4.1%
Ferrovial Announces Dividend
The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th were paid a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, May 19th.
Institutional Trading of Ferrovial
A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC grew its holdings in shares of Ferrovial by 1,089.1% in the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after purchasing an additional 262 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Ferrovial by 136.8% during the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares during the period. Finally, J.Safra Asset Management Corp purchased a new position in Ferrovial in the 4th quarter worth about $68,000. 22.28% of the stock is currently owned by institutional investors.
About Ferrovial
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.
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