Ferrovial (NASDAQ:FER) Hits New 12-Month High – Here’s Why

Shares of Ferrovial SE (NASDAQ:FER) reached a new 52-week high on Tuesday . The stock traded as high as $65.33 and last traded at $64.8730, with a volume of 236225 shares. The stock had previously closed at $64.99.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FER. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ferrovial has a consensus rating of “Moderate Buy”.

Ferrovial Stock Performance

The company has a 50-day simple moving average of $61.77 and a 200-day simple moving average of $56.04.

Ferrovial Dividend Announcement

The firm also recently announced a special dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, October 27th were given a dividend of $0.4769 per share. The ex-dividend date was Monday, October 27th.

Institutional Investors Weigh In On Ferrovial

Several large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its position in shares of Ferrovial by 1.9% during the second quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock worth $1,348,444,000 after acquiring an additional 472,349 shares during the period. Lazard Asset Management LLC raised its position in Ferrovial by 40,717,866.7% during the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after purchasing an additional 21,987,648 shares in the last quarter. Amundi lifted its holdings in shares of Ferrovial by 87.0% in the 3rd quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after buying an additional 10,016,475 shares during the period. Vanguard Group Inc. lifted its position in shares of Ferrovial by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 20,344,716 shares of the company’s stock worth $1,168,600,000 after purchasing an additional 387,378 shares during the period. Finally, TCI Fund Management Ltd. lifted its holdings in Ferrovial by 0.7% during the second quarter. TCI Fund Management Ltd. now owns 19,470,666 shares of the company’s stock worth $1,038,720,000 after buying an additional 137,238 shares during the period. 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.