Ferrovial (NASDAQ:FER) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Ferrovial (NASDAQ:FER) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Ferrovial Trading Up 0.2%

Shares of Ferrovial stock opened at $51.37 on Friday. The firm has a 50-day simple moving average of $48.22 and a two-hundred day simple moving average of $44.89. Ferrovial has a fifty-two week low of $37.92 and a fifty-two week high of $56.43.

Ferrovial Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be issued a $0.3029 dividend. This is a positive change from Ferrovial’s previous — dividend of $0.04. The ex-dividend date is Friday, May 23rd.

Hedge Funds Weigh In On Ferrovial

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new position in shares of Ferrovial during the 4th quarter worth about $25,000. SG Americas Securities LLC acquired a new position in shares of Ferrovial during the fourth quarter valued at approximately $101,000. Banque Cantonale Vaudoise acquired a new position in shares of Ferrovial during the first quarter valued at approximately $150,000. Tower Research Capital LLC TRC acquired a new stake in shares of Ferrovial in the fourth quarter worth approximately $158,000. Finally, Clearbridge Investments LLC purchased a new stake in shares of Ferrovial during the fourth quarter worth approximately $204,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.