Ferrovial (NASDAQ:FER) Stock Rating Upgraded by Royal Bank of Canada

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

Ferrovial Stock Up 0.1 %

Ferrovial stock traded up $0.05 during trading hours on Tuesday, reaching $38.63. 25,843 shares of the company were exchanged, compared to its average volume of 27,306. Ferrovial has a 12 month low of $32.82 and a 12 month high of $48.29. The firm has a 50-day moving average price of $41.20.

Ferrovial Increases Dividend

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

Hedge Funds Weigh In On Ferrovial

Several large investors have recently bought and sold shares of FER. M&G Plc acquired a new position in shares of Ferrovial in the second quarter valued at $43,583,000. Assenagon Asset Management S.A. bought a new stake in Ferrovial in the second quarter valued at about $985,000. Bank of New York Mellon Corp acquired a new position in Ferrovial in the second quarter worth about $48,282,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Ferrovial in the second quarter worth about $11,119,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Ferrovial in the second quarter worth about $1,291,000.

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.