Ferrovial (NASDAQ:FER) Upgraded to Hold at Citigroup

Citigroup upgraded shares of Ferrovial (NASDAQ:FER) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Zacks Research upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Finally, Jefferies Financial Group downgraded shares of Ferrovial from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ferrovial presently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Trading Up 0.2%

NASDAQ FER opened at $69.52 on Wednesday. Ferrovial has a 12-month low of $50.10 and a 12-month high of $74.79. The company has a fifty day simple moving average of $67.76 and a two-hundred day simple moving average of $67.50. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25.

Ferrovial (NASDAQ:FER) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The company had revenue of $3.19 billion for the quarter. On average, equities research analysts expect that Ferrovial will post 1.44 earnings per share for the current year.

Ferrovial Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 19th will be issued a dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, May 19th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FER. Lazard Asset Management LLC boosted its position in Ferrovial by 40,717,866.7% in the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after purchasing an additional 21,987,648 shares in the last quarter. Amundi increased 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 in the last quarter. TCI Fund Management Ltd. lifted its stake in shares of Ferrovial by 6.5% in the 4th quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock valued at $1,348,163,000 after purchasing an additional 1,269,548 shares during the period. Vanguard Group Inc. boosted its holdings in Ferrovial by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock worth $1,341,125,000 after buying an additional 354,530 shares in the last quarter. Finally, Algebris UK Ltd. acquired a new stake in Ferrovial during the fourth quarter valued at $839,930,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Company Profile

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.