Ferrovial (NASDAQ:FER) Upgraded to Hold 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 equities research analysts have also weighed in on the company. UBS Group lowered Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Citigroup raised Ferrovial from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a research report on Tuesday, September 22nd. Mediobanca upgraded Ferrovial to an “outperform” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings downgraded Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Ferrovial currently has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Trading Up 0.5%

Shares of NASDAQ:FER opened at $59.23 on Wednesday. Ferrovial has a 52-week low of $48.00 and a 52-week high of $74.79. The business’s 50 day moving average is $54.26 and its 200 day moving average is $64.09. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09.

Ferrovial Dividend Announcement

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

Institutional Investors Weigh In On Ferrovial

A number of institutional investors have recently added to or reduced their stakes in FER. Groupe la Francaise raised its stake in shares of Ferrovial by 640.9% during the 2nd quarter. Groupe la Francaise now owns 436,648 shares of the company’s stock worth $29,986,000 after acquiring an additional 377,714 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Ferrovial in the second quarter valued at approximately $4,915,000. Cooper Investors PTY Ltd. boosted its stake in Ferrovial by 23.7% in the second quarter. Cooper Investors PTY Ltd. now owns 129,165 shares of the company’s stock valued at $8,862,000 after acquiring an additional 24,783 shares in the last quarter. Cloverfields Capital Group LP acquired a new stake in Ferrovial in the first quarter valued at approximately $1,547,000. Finally, NEOS Investment Management LLC boosted its stake in Ferrovial by 10.3% in the second quarter. NEOS Investment Management LLC now owns 430,508 shares of the company’s stock valued at $29,537,000 after acquiring an additional 40,329 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial’s transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.