Ferrovial (NASDAQ:FER) Upgraded to Hold at Royal Bank of Canada

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

Ferrovial Stock Up 0.1 %

Shares of NASDAQ FER traded up $0.05 during midday trading on Tuesday, reaching $38.63. 25,843 shares of the company traded hands, compared to its average volume of 27,306. Ferrovial has a 52 week low of $32.82 and a 52 week high of $48.29. The stock’s 50-day moving average is $41.20.

Ferrovial Increases Dividend

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

Hedge Funds Weigh In On Ferrovial

Institutional investors have recently bought and sold shares of the stock. Metis Global Partners LLC grew its stake in Ferrovial by 2.1% during the 3rd quarter. Metis Global Partners LLC now owns 67,569 shares of the company’s stock valued at $2,902,000 after acquiring an additional 1,390 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ferrovial by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock valued at $12,484,000 after acquiring an additional 3,828 shares in the last quarter. Susquehanna International Securities Ltd. purchased a new position in Ferrovial during the 2nd quarter valued at about $228,000. Assenagon Asset Management S.A. grew its stake in Ferrovial by 27.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 32,187 shares of the company’s stock valued at $1,386,000 after acquiring an additional 6,834 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Ferrovial during the 3rd quarter valued at about $296,000.

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.