Ferrovial (NASDAQ:FER) Shares Gap Down to $42.54

Ferrovial SE (NASDAQ:FER) shares gapped down prior to trading on Wednesday . The stock had previously closed at $42.54, but opened at $40.17. Ferrovial shares last traded at $40.17, with a volume of 4,200 shares changing hands.

Analyst Ratings Changes

Separately, Citigroup initiated coverage on shares of Ferrovial in a report on Tuesday, May 21st. They issued a “buy” rating and a $48.00 price target on the stock.

Ferrovial Price Performance

The business’s 50 day simple moving average is $40.40.

Ferrovial Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, June 21st. Investors of record on Tuesday, May 21st were given a dividend of $0.3299 per share. The ex-dividend date of this dividend was Monday, May 20th.

Institutional Investors Weigh In On Ferrovial

Several institutional investors have recently made changes to their positions in FER. Assenagon Asset Management S.A. bought a new stake in Ferrovial during the second quarter worth $985,000. Crossmark Global Holdings Inc. acquired a new position in shares of Ferrovial during the 2nd quarter worth $1,291,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Ferrovial in the second quarter valued at about $11,119,000. Maryland State Retirement & Pension System bought a new position in Ferrovial in the second quarter valued at about $23,691,000. Finally, M&G Plc acquired a new position in Ferrovial during the second quarter worth about $43,583,000.

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.