Ferrovial (NASDAQ:FER) Shares Gap Up – Still a Buy?

Shares of Ferrovial SE (NASDAQ:FER) gapped up before the market opened on Monday . The stock had previously closed at $38.76, but opened at $40.82. Ferrovial shares last traded at $40.40, with a volume of 12,632 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, November 12th.

Ferrovial Price Performance

The firm’s fifty day simple moving average is $40.77.

Ferrovial Increases Dividend

The firm also recently declared a — dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 7th will be issued a $0.4592 dividend. This is an increase from Ferrovial’s previous — dividend of $0.33. The ex-dividend date of this dividend is Thursday, November 7th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FER. Canada Pension Plan Investment Board acquired a new stake in Ferrovial during the 2nd quarter valued at $19,051,000. M&G Plc purchased a new stake in Ferrovial in the 2nd quarter worth about $43,583,000. Ausbil Investment Management Ltd acquired a new stake in Ferrovial during the 3rd quarter worth about $9,262,000. Exane Asset Management acquired a new position in shares of Ferrovial in the 2nd quarter valued at about $20,938,000. Finally, Partners Group Holding AG purchased a new stake in shares of Ferrovial in the third quarter worth approximately $36,538,000.

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.