Ferrovial (NASDAQ:FER) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Ferrovial (NASDAQ:FER) from a strong sell rating to a hold rating in a research note released on Tuesday morning, MarketBeat.com reports.

A number of other equities research analysts also recently weighed in on the company. BNP Paribas Exane raised Ferrovial from an “underperform” rating to a “neutral” rating in a report on Tuesday. Wall Street Zen lowered Ferrovial from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Ferrovial Trading Up 1.0%

Shares of Ferrovial stock opened at $52.78 on Tuesday. The firm’s 50-day simple moving average is $50.32 and its 200-day simple moving average is $45.78. Ferrovial has a twelve month low of $37.93 and a twelve month high of $56.43.

Ferrovial Increases Dividend

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

Institutional Investors Weigh In On Ferrovial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Ferrovial by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company’s stock worth $946,000 after purchasing an additional 738 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Ferrovial during the 4th quarter worth about $466,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Ferrovial during the 4th quarter worth about $474,000. Banco Santander S.A. bought a new position in shares of Ferrovial in the fourth quarter worth about $310,316,000. Finally, Natixis Advisors LLC lifted its position in shares of Ferrovial by 95.8% during the fourth quarter. Natixis Advisors LLC now owns 20,246 shares of the company’s stock worth $851,000 after purchasing an additional 9,904 shares in the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

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.