Ferrovial (NASDAQ:FER) Raised to Hold at BNP Paribas

Ferrovial (NASDAQ:FER - Get Free Report) was upgraded by equities researchers at BNP Paribas from a "strong sell" rating to a "hold" rating in a research note issued on Tuesday, MarketBeat.com reports.

A number of other equities research analysts also recently commented on the stock. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday. Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Ferrovial Price Performance

NASDAQ:FER traded up $0.48 during mid-day trading on Tuesday, reaching $53.26. The stock had a trading volume of 146,571 shares, compared to its average volume of 74,496. Ferrovial has a twelve month low of $37.93 and a twelve month high of $56.43. The business has a 50 day simple moving average of $50.32 and a 200 day simple moving average of $45.78.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its holdings in Ferrovial by 0.8% in the first quarter. Hsbc Holdings PLC now owns 24,913,875 shares of the company's stock valued at $1,107,414,000 after buying an additional 196,985 shares in the last quarter. Vanguard Group Inc. increased its holdings in Ferrovial by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company's stock valued at $865,748,000 after buying an additional 452,211 shares in the last quarter. TCI Fund Management Ltd. increased its stake in shares of Ferrovial by 1.2% during the 4th quarter. TCI Fund Management Ltd. now owns 19,333,428 shares of the company's stock worth $812,724,000 after purchasing an additional 238,184 shares in the last quarter. Amundi increased its stake in shares of Ferrovial by 43.9% during 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 in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Ferrovial by 30.2% during the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock worth $663,374,000 after purchasing an additional 3,657,704 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other 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.