Ferrovial (NASDAQ:FER) Hits New 1-Year High – Here’s What Happened

Ferrovial SE (NASDAQ:FER)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $68.54 and last traded at $68.1810, with a volume of 648375 shares traded. The stock had previously closed at $67.34.

Analyst Ratings Changes

A number of analysts have recently issued reports on FER shares. Citigroup reaffirmed a “buy” rating and issued a $75.30 price objective (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a research note on Wednesday, October 8th. Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.30.

Ferrovial Trading Up 1.3%

The company’s 50-day moving average is $65.51 and its 200-day moving average is $59.71.

Ferrovial Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were issued a $0.077 dividend. The ex-dividend date of this dividend was Friday, December 5th.

Institutional Trading of Ferrovial

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC raised its stake in Ferrovial by 40,717,866.7% during the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after acquiring an additional 21,987,648 shares in the last quarter. Amundi grew its holdings in shares of Ferrovial by 87.0% during the 3rd quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after purchasing an additional 10,016,475 shares during the last quarter. Norges Bank acquired a new position in Ferrovial during the 2nd quarter worth approximately $498,625,000. Credit Agricole S A bought a new position in Ferrovial in the 3rd quarter valued at approximately $343,371,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Ferrovial in the 3rd quarter valued at approximately $175,868,000. 22.28% of the stock is currently owned by institutional investors.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.