Ferrovial (NASDAQ:FER) Trading 1% Higher - Here's What Happened

Ferrovial SE (NASDAQ:FER - Get Free Report)'s share price was up 1% on Wednesday . The company traded as high as $43.53 and last traded at $43.36. Approximately 46,258 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 61,528 shares. The stock had previously closed at $42.93.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Bank of America raised shares of Ferrovial from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada upgraded shares of Ferrovial to a "hold" rating in a research note on Tuesday, November 12th.

Ferrovial Stock Performance

The business's 50 day simple moving average is $41.61 and its 200-day simple moving average is $41.27.

Ferrovial Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.0366 dividend. The ex-dividend date of this dividend was Monday, December 16th.

Hedge Funds Weigh In On Ferrovial

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Ferrovial during the fourth quarter worth $101,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Ferrovial by 17.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 22,517 shares of the company's stock valued at $947,000 after purchasing an additional 3,407 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ferrovial by 40.8% in the third quarter. JPMorgan Chase & Co. now owns 4,573,215 shares of the company's stock valued at $197,517,000 after purchasing an additional 1,326,065 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Ferrovial during the 3rd quarter worth approximately $1,865,000. Finally, Luxor Capital Group LP increased its holdings in Ferrovial by 203.8% during the third quarter. Luxor Capital Group LP now owns 871,945 shares of the company's stock worth $37,659,000 after buying an additional 584,963 shares during the last quarter. Institutional investors and hedge funds 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.