Ferrovial (NASDAQ:FER) Stock Rating Upgraded by BNP Paribas Exane

Ferrovial (NASDAQ:FER) was upgraded by BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday,Finviz reports.

Separately, Wall Street Zen lowered Ferrovial from a “buy” rating to a “hold” rating in a research report on Friday, June 6th.

Ferrovial Stock Up 1.5%

FER stock traded up $0.76 on Tuesday, reaching $52.03. 83,527 shares of the company traded hands, compared to its average volume of 72,403. The firm has a fifty day simple moving average of $49.90 and a 200-day simple moving average of $45.62. Ferrovial has a one year low of $37.93 and a one year high of $56.43.

Institutional Investors Weigh In On Ferrovial

Several large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Ferrovial during the 4th quarter valued at about $440,665,000. Banco Santander S.A. bought a new position in Ferrovial during the fourth quarter valued at approximately $310,316,000. FMR LLC boosted its holdings in Ferrovial by 4,066.5% in the fourth quarter. FMR LLC now owns 6,171,067 shares of the company’s stock worth $259,527,000 after purchasing an additional 6,022,956 shares during the last quarter. Amundi grew its position in 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 purchasing an additional 5,376,610 shares during the period. Finally, Bank of America Corp DE raised its stake in Ferrovial by 30.2% during the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company’s stock valued at $663,374,000 after buying an additional 3,657,704 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

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.