Ferrovial SE, listed on NASDAQ as FER, has garnered a consensus recommendation of “Moderate Buy” from six analysts covering the stock, according to MarketBeat.com. This assessment includes three analysts who suggest holding the shares and three who advocate for buying them.
The recent analysis reflects a mixed sentiment on Ferrovial’s stock performance, with some research firms making notable changes to their ratings. For instance, Wall Street Zen downgraded Ferrovial from a “buy” to a “hold” rating on July 26, 2023. In contrast, Weiss Ratings reaffirmed a “buy (B+)” rating on October 8, 2023, indicating confidence in the company’s prospects.
Dividend Announcement and Institutional Investments
In addition to analysts’ ratings, Ferrovial has declared a special dividend of $0.4769 per share, scheduled for payment on December 3, 2023. Shareholders of record on October 27, 2023, will be eligible to receive this dividend, with the ex-dividend date also set for October 27.
Recent institutional activity highlights a significant interest in Ferrovial. Norges Bank acquired a new position valued at approximately $498.6 million during the second quarter. Furthermore, Amundi increased its stake by 43.9% in the first quarter, bringing their total to 17,636,889 shares valued at around $808.5 million. Other institutional investors, such as Maple Brown Abbott Ltd and Nuveen LLC, also made substantial investments, indicating a growing confidence in Ferrovial’s future.
Credit Agricole S A notably increased its stake by 45.2%, now holding 3,951,264 shares valued at approximately $177.5 million after acquiring additional shares. Overall, institutional investors now own 22.28% of Ferrovial’s stock, underscoring the strategic interest in the company.
Overview of Ferrovial’s Operations
Ferrovial SE operates globally, engaging in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services. The company is structured into four main segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. Through these segments, Ferrovial executes a variety of public and private projects, including the development and management of toll roads.
The recent developments regarding Ferrovial’s stock and its financial activities reflect a dynamic landscape as analysts and institutional investors closely monitor its performance. As the company prepares to distribute its special dividend, attention will remain focused on how these factors influence investor sentiment and market performance in the coming months.
