Ferrovial (NASDAQ:FER) Rating Lowered to "Hold" at Wall Street Zen

Wall Street Zen downgraded shares of Ferrovial (NASDAQ:FER - Free Report) from a buy rating to a hold rating in a report published on Friday morning.

Ferrovial Stock Performance

Ferrovial stock traded down $0.41 during mid-day trading on Friday, hitting $50.96. 156,210 shares of the company were exchanged, compared to its average volume of 67,495. The business's 50 day simple moving average is $48.22 and its two-hundred day simple moving average is $44.89. Ferrovial has a 12-month low of $37.92 and a 12-month high of $56.43.

Ferrovial Increases Dividend

The business also recently declared a -- dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.3029 per share. This is an increase from Ferrovial's previous -- dividend of $0.04. The ex-dividend date is Friday, May 23rd.

Hedge Funds Weigh In On Ferrovial

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC boosted its holdings in shares of Ferrovial by 346.5% during the first quarter. Jane Street Group LLC now owns 24,238 shares of the company's stock worth $1,080,000 after purchasing an additional 18,809 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its holdings in shares of Ferrovial by 32.4% during the first quarter. Zurich Insurance Group Ltd FI now owns 181,345 shares of the company's stock worth $8,073,000 after purchasing an additional 44,372 shares during the last quarter. USS Investment Management Ltd boosted its holdings in shares of Ferrovial by 1.5% during the first quarter. USS Investment Management Ltd now owns 111,036 shares of the company's stock worth $4,949,000 after purchasing an additional 1,663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ferrovial by 880.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company's stock worth $2,204,000 after purchasing an additional 47,892 shares during the last quarter. Finally, Hancock Whitney Corp boosted its holdings in shares of Ferrovial by 14.9% during the first quarter. Hancock Whitney Corp now owns 14,104 shares of the company's stock worth $634,000 after purchasing an additional 1,825 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

About Ferrovial

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.