Ferrovial (NASDAQ:FER) Shares Gap Up – Here’s What Happened

Ferrovial SE (NASDAQ:FER) shares 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.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised Ferrovial to a “hold” rating in a research note on Tuesday, November 12th.

Ferrovial Stock Performance

The firm’s 50 day simple moving average is $40.85.

Ferrovial Increases Dividend

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

Institutional Investors Weigh In On Ferrovial

Several large investors have recently added to or reduced their stakes in FER. Metis Global Partners LLC raised its position in shares of Ferrovial by 2.1% during the third quarter. Metis Global Partners LLC now owns 67,569 shares of the company’s stock worth $2,902,000 after purchasing an additional 1,390 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ferrovial by 1.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock valued at $12,484,000 after buying an additional 3,828 shares in the last quarter. Susquehanna International Securities Ltd. acquired a new position in shares of Ferrovial during the second quarter valued at about $228,000. Assenagon Asset Management S.A. raised its holdings in shares of Ferrovial by 27.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 32,187 shares of the company’s stock worth $1,386,000 after acquiring an additional 6,834 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Ferrovial in the 3rd quarter valued at about $296,000.

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.