Analysts have assigned a consensus recommendation of “Moderate Buy” for Ferrovial SE (NASDAQ:FER), as reported by MarketBeat.com. This assessment is based on the evaluations from six ratings firms currently covering the stock. Among these, three analysts have given a hold recommendation, while the remaining three have issued a buy rating.
Several analysts have recently updated their positions on Ferrovial. Notably, Wall Street Zen downgraded the stock from a “buy” rating to a “hold” rating on July 26, 2023. Conversely, Weiss Ratings reaffirmed a “buy (B+)” rating on October 8, 2023, reflecting a positive outlook for the company.
Dividend Declaration and Stock Performance
In addition to the analyst ratings, Ferrovial has announced a special dividend, which is set to be paid on December 3, 2023. Shareholders on record as of October 27, 2023, will receive a dividend of $0.4769 per share. The ex-dividend date is also noted as October 27, 2023, which may influence trading activity leading up to that date.
Institutional Investor Activity
Ferrovial has seen significant changes in institutional holdings recently. Norges Bank acquired a new position in the company worth approximately $498.6 million during the second quarter. Additionally, Amundi has increased its stake by 43.9% in the first quarter, bringing its total to 17,636,889 shares valued at $808.5 million after acquiring an extra 5,376,610 shares.
Other institutional movements include Maple Brown Abbott Ltd, which also purchased a new position valued at $152.2 million in the first quarter, and Nuveen LLC, which acquired a new stake worth $65.6 million. Credit Agricole S A increased its stake by 45.2%, now owning 3,951,264 shares valued at $177.5 million after a recent acquisition of 1,229,993 shares. Overall, institutional investors hold approximately 22.28% of Ferrovial’s stock.
Ferrovial SE operates across various sectors, including construction, toll roads, airports, and energy infrastructures. The company is involved in designing, constructing, financing, operating, and maintaining transport infrastructure and urban services on an international scale.
As Ferrovial continues to navigate its financial landscape, these developments regarding analyst ratings and institutional investments may significantly impact its market performance.
