Ferrovial (NASDAQ:FER) Shares Gap Up – Time to Buy?

Ferrovial SE (NASDAQ:FER)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $38.76, but opened at $40.82. Ferrovial shares last traded at $40.40, with a volume of 12,632 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a report on Tuesday, November 12th.

Ferrovial Trading Up 4.4 %

The firm has a fifty day moving average price of $40.85.

Ferrovial Increases Dividend

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

Institutional Trading of Ferrovial

A number of institutional investors have recently modified their holdings of FER. Hsbc Holdings PLC bought a new position in Ferrovial in the second quarter valued at approximately $921,680,000. Legal & General Group Plc acquired a new position in shares of Ferrovial during the 2nd quarter worth $325,256,000. Toronto Dominion Bank acquired a new stake in Ferrovial in the second quarter valued at about $79,653,000. Bank of Montreal Can bought a new position in Ferrovial in the second quarter valued at about $69,715,000. Finally, Brookfield Corp ON acquired a new position in Ferrovial during the third quarter worth about $71,881,000.

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.