Ferrovial (NASDAQ:FER) Upgraded at Royal Bank of Canada

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

Ferrovial Stock Up 0.2 %

NASDAQ FER traded up $0.09 during trading on Tuesday, reaching $38.67. The company’s stock had a trading volume of 27,700 shares, compared to its average volume of 27,318. The company has a 50 day moving average of $41.20. Ferrovial has a 12 month low of $32.82 and a 12 month high of $48.29.

Ferrovial Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FER. Susquehanna International Securities Ltd. bought a new stake in shares of Ferrovial in the second quarter worth $228,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Ferrovial in the third quarter worth approximately $296,000. Oppenheimer Asset Management Inc. bought a new stake in Ferrovial in the second quarter valued at approximately $307,000. Hancock Whitney Corp acquired a new stake in Ferrovial during the 2nd quarter valued at approximately $352,000. Finally, Acadian Asset Management LLC bought a new position in Ferrovial during the 2nd quarter worth approximately $370,000.

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.