Ferrovial (NASDAQ:FER) Shares Gap Up – Still a Buy?

Ferrovial SE (NASDAQ:FER)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $42.29, but opened at $43.83. Ferrovial shares last traded at $43.48, with a volume of 22,351 shares.

Analysts Set New Price Targets

FER has been the subject of several research analyst reports. Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised shares of Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd.

Ferrovial Trading Down 0.6 %

The business has a 50-day moving average price of $41.01 and a 200-day moving average price of $41.03.

Ferrovial Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.0366 dividend. The ex-dividend date was Monday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FER. Hsbc Holdings PLC bought a new position in shares of Ferrovial during the second quarter valued at $921,680,000. Legal & General Group Plc acquired a new stake in shares of Ferrovial during the 2nd quarter worth about $325,256,000. Toronto Dominion Bank bought a new position in Ferrovial during the 2nd quarter valued at about $79,653,000. Bank of Montreal Can acquired a new position in Ferrovial in the second quarter valued at about $69,715,000. Finally, Brookfield Corp ON bought a new stake in Ferrovial during the third quarter worth about $71,881,000. Institutional investors own 22.28% of the company’s stock.

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.