Ferrovial (NASDAQ:FER) Upgraded at Citigroup

Citigroup upgraded shares of Ferrovial (NASDAQ:FER) from a hold rating to a buy rating in a research note released on Wednesday, Marketbeat.com reports.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered shares of Ferrovial from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 6th. Weiss Ratings downgraded shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Mediobanca raised shares of Ferrovial to an “outperform” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft cut shares of Ferrovial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Finally, UBS Group downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $70.47.

Ferrovial Stock Down 0.9%

FER traded down $0.52 during trading hours on Wednesday, hitting $58.71. The stock had a trading volume of 3,213,176 shares, compared to its average volume of 2,618,856. Ferrovial has a 1 year low of $48.00 and a 1 year high of $74.79. The company’s fifty day simple moving average is $54.26 and its 200 day simple moving average is $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 Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 6th will be paid a dividend of €0.83 per share. The ex-dividend date is Friday, November 6th.

Institutional Trading of Ferrovial

Institutional investors have recently added to or reduced their stakes in the stock. Aberdeen Group plc bought a new position in Ferrovial in the 3rd quarter worth about $41,461,000. ICICI Prudential Asset Management Co Ltd bought a new stake in shares of Ferrovial during the third quarter valued at about $644,000. Ritholtz Wealth Management increased its position in shares of Ferrovial by 28.6% during the third quarter. Ritholtz Wealth Management now owns 12,364 shares of the company’s stock valued at $669,000 after buying an additional 2,752 shares during the period. Jacobi Capital Management LLC purchased a new stake in shares of Ferrovial in the third quarter worth about $102,000. Finally, 71 West Capital Partners lifted its holdings in shares of Ferrovial by 1.8% in the third quarter. 71 West Capital Partners now owns 215,389 shares of the company’s stock worth $11,622,000 after buying an additional 3,794 shares in the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Company Profile

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.