Ferrovial SE (NASDAQ:FER) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analyst sentiment is “Hold”: Of 13 analysts covering Ferrovial, eight rate it Hold and five Buy; the average one-year price target is $70.47.
• Ferrovial shares opened at $58.71, within a 52-week range of $48.00 to $74.79. The company declared a special dividend of €0.83 per share, payable December 10 to shareholders of record November 6.
• Institutional investors and hedge funds own 22.28% of Ferrovial’s stock, with several investors recently increasing or initiating positions.

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $70.47.

A number of brokerages have issued reports on FER. Bank of America reissued a "buy" rating on shares of Ferrovial in a report on Monday, September 14th. Kepler Capital Markets downgraded shares of Ferrovial from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 17th. Weiss Ratings lowered shares of Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Zacks Research raised shares of Ferrovial from a "strong sell" rating to a "hold" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Tuesday, October 20th.

Hedge Funds Weigh In On Ferrovial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi boosted its stake in shares of Ferrovial by 39.7% during the 1st quarter. Amundi now owns 15,301,820 shares of the company's stock worth $995,383,000 after acquiring an additional 4,351,267 shares in the last quarter. Aberdeen Group plc bought a new stake in Ferrovial during the third quarter valued at about $41,461,000. Groupe la Francaise grew its position in shares of Ferrovial by 640.9% in the second quarter. Groupe la Francaise now owns 436,648 shares of the company's stock valued at $29,986,000 after purchasing an additional 377,714 shares during the last quarter. Swiss National Bank grew its position in shares of Ferrovial by 26.8% in the first quarter. Swiss National Bank now owns 1,778,470 shares of the company's stock valued at $113,643,000 after purchasing an additional 375,590 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ferrovial in the third quarter worth about $18,089,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Trading Down 0.9%

Shares of FER opened at $58.71 on Friday. The stock has a 50 day moving average of $54.26 and a 200-day moving average of $64.05. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. Ferrovial has a 52 week low of $48.00 and a 52 week high of $74.79.

Ferrovial Announces Dividend

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

About Ferrovial

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects.

Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.

Ferrovial is led by Chief Executive Officer Ignacio Madridejos and Chairman Rafael del Pino.

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