Ferrovial (NASDAQ:FER) Stock Bumped Down to Sell by Wall Street Zen

Wall Street Zen lowered shares of Ferrovial (NASDAQ:FER) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

FER has been the topic of several other research reports. UBS Group cut Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Zacks Research upgraded Ferrovial from a “strong sell” rating to a “hold” rating in a report on Wednesday. Mediobanca raised Ferrovial to an “outperform” rating in a research report on Wednesday, August 19th. Weiss Ratings lowered Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Finally, Bank of America restated a “buy” rating on shares of Ferrovial in a research note on Monday, September 14th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Ferrovial currently has a consensus rating of “Hold” and a consensus target price of $70.47.

Ferrovial Stock Down 0.9%

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

Ferrovial Announces Dividend

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

Hedge Funds Weigh In On Ferrovial

Several hedge funds have recently modified their holdings of the company. Amundi increased its position in Ferrovial by 39.7% in the first quarter. Amundi now owns 15,301,820 shares of the company’s stock worth $995,383,000 after buying an additional 4,351,267 shares during the last quarter. Aberdeen Group plc bought a new stake in shares of Ferrovial in the third quarter valued at $41,461,000. Groupe la Francaise raised its stake 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 buying an additional 377,714 shares during the period. Swiss National Bank lifted its position in shares of Ferrovial by 26.8% during the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock valued at $113,643,000 after buying an additional 375,590 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Ferrovial during the 3rd quarter valued at $18,089,000. 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.