Bank of America Upgrades Ferrovial (NASDAQ:FER) to “Buy”

Bank of America upgraded shares of Ferrovial (NASDAQ:FER) from a neutral rating to a buy rating in a research note released on Tuesday morning, Marketbeat Ratings reports.

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

Ferrovial Trading Up 3.1 %

Shares of FER opened at $42.87 on Tuesday. Ferrovial has a 52-week low of $35.30 and a 52-week high of $48.29. The business’s fifty day moving average is $40.66 and its 200-day moving average is $40.66.

Ferrovial Increases Dividend

The company also recently disclosed 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 an increase from Ferrovial’s previous — dividend of $0.33. The ex-dividend date is Thursday, November 7th.

Institutional Inflows and Outflows

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