Ferrovial (NASDAQ:FER) Upgraded by Royal Bank of Canada to “Hold” Rating

Royal Bank of Canada upgraded shares of Ferrovial (NASDAQ:FER) to a hold rating in a research report released on Tuesday,Zacks.com reports.

Ferrovial Stock Down 0.1 %

Shares of FER stock opened at $38.53 on Tuesday. Ferrovial has a 12 month low of $32.82 and a 12 month high of $48.29. The stock has a 50 day moving average price of $41.20.

Ferrovial Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 7th will be given a dividend of $0.4592 per share. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from Ferrovial’s previous — dividend of $0.33.

Institutional Investors Weigh In On Ferrovial

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Ferrovial during the 3rd quarter worth approximately $1,865,000. Luxor Capital Group LP boosted its stake in Ferrovial by 203.8% in the third quarter. Luxor Capital Group LP now owns 871,945 shares of the company’s stock worth $37,659,000 after purchasing an additional 584,963 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Ferrovial by 183.0% in the third quarter. Zurich Insurance Group Ltd FI now owns 332,034 shares of the company’s stock worth $14,281,000 after purchasing an additional 214,723 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Ferrovial by 1,483.4% during the third quarter. National Bank of Canada FI now owns 239,560 shares of the company’s stock worth $10,288,000 after purchasing an additional 224,431 shares during the last quarter. Finally, Brookfield Corp ON acquired a new stake in shares of Ferrovial in the third quarter valued at $71,881,000.

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.