Ferrovial SE (NASDAQ:FER) has been assigned a consensus recommendation of “Moderate Buy” by six ratings firms currently analyzing the stock. According to MarketBeat.com, three analysts have recommended holding the shares, while an equal number have issued a buy recommendation. This balanced outlook reflects a growing interest in the company amid recent market activity.
In a recent report, Wall Street Zen downgraded Ferrovial from a “buy” rating to a “hold” recommendation on July 26, 2023. Conversely, Weiss Ratings reaffirmed a “buy (b+)” rating for the firm in a report released on October 8, 2023. These varying assessments indicate a diverse range of opinions regarding Ferrovial’s market performance.
Dividend Announcement and Stockholder Impact
Ferrovial has also announced a special dividend that will be distributed on December 3, 2023. Stockholders who are on record by October 27, 2023, will receive a dividend of $0.4769 per share. The ex-dividend date is set for October 27, meaning that investors must own the stock before this date to qualify for the payout. This announcement may enhance the company’s appeal to potential investors seeking income in addition to capital appreciation.
Institutional Investor Activity
Institutional investors have shown significant activity regarding their positions in Ferrovial. Notably, Norges Bank acquired a new position in the company valued at approximately $498.6 million during the second quarter. Amundi also increased its stake in Ferrovial by 43.9% during the first quarter, owning a total of 17,636,889 shares valued at about $808.5 million after acquiring an additional 5,376,610 shares.
Other institutional investors making moves include Maple Brown Abbott Ltd, which purchased a new position valued at $152.2 million, and Nuveen LLC, which also entered with an investment of $65.6 million. Additionally, Credit Agricole S A raised its stake by 45.2%, now holding 3,951,264 shares worth approximately $177.5 million after acquiring an additional 1,229,993 shares. Currently, institutional investors hold 22.28% of Ferrovial’s stock.
Ferrovial SE, headquartered in Spain, is involved in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services globally. The company operates through four primary segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. It is engaged in various public and private works, including public infrastructure development and toll road operations.
Investors and analysts alike will be watching Ferrovial’s performance closely as it navigates the complexities of the current market environment. The combination of a solid recommendation from analysts, an attractive dividend, and active institutional interest positions Ferrovial as a noteworthy entity in the infrastructure sector.
