Ferrovial completes the jump to the Nasdaq 100 and becomes the first Ibex company to enter the index

Apple, Microsoft, Amazon, Alphabet (Google), Tesla, Nvidia… and now Ferrovial. The company founded in 1952 by Rafael del Pino y Moreno in an attic in the center of Madrid with a purely railway nature becomes, more than seventy years later, the first Ibex 35 company to enter the Nasdaq 100after establishing itself among the great references of global infrastructure at the hands of the son of its founder, Rafael del Pino Calvo-Sotelo.

Ferrovial will be part of the Nasdaq-100 after the annual reconstitution of the index announced this Friday at market close, which will come into effect before the market opens next Monday. The company joins the technology selective along with Alnylam Pharmaceuticals, Insmed, Monolithic Power Systems, Seagate Technology Holdings and Western Digital, in favor of the departures of Biogen, CDW Corporation, GlobalFoundries, Lululemon Athletica, ON Semiconductor and The Trade Desk.

With its entry to the index, Made up mostly of technology companies, Ferrovial is exposed to one of the largest showcases in the world for investment funds, only surpassed in the United States by the S&P 500, made up entirely of local securities. Its inclusion will also automatically increase the demand for its shares, as they are incorporated into portfolios and funds that take this selective as a reference, which will result in a substantial jump in liquidity and will consolidate its positioning strategy in its main market.

His candidacy, in fact, It was already among the favorites in the pools of the major analyst teams.. JP Morgan, for its part, maintains Ferrovial as its “first choice” in infrastructure and recalls that the company has been on its watch list since September due to the strength of its North American highways, with “unparalleled pricing power” and key catalysts in 2026 such as the opening of the new JFK Terminal 1. Deutsche Bank agrees on the stock’s potential if it makes progress in its portfolio of managed lanes in the United States, not yet incorporated into its estimates.

The company thus completes the milestone that it has been pursuing since last 2023 it decided to move its headquarters to the Netherlands, but not before raising reluctance in La Moncloa, to be listed simultaneously in Amsterdam and the Spanish market in order to facilitate its desired jump to the New York Stock Exchange, where it debuted on May 9, 2024. Once that jump was completed, the company led by Ignacio Madridejos never hid its ambition to be part of the selective index, which concentrates the 100 companies with the highest trading volume listed on the Nasdaq market -with the exception of financial firms-.

Although to do so, the group had to take the route of signing up for a long-distance race in which the evolution of its shares would define its options of obtaining one of the few places left free in the annual reviews carried out by the index when the end of the year approaches. With the candles of its first anniversary blown out, the stock responded, with nearly 25% more value, but the trading of its securities on Wall Street was limited to 5% of all the shares exchanged in its triple listing.

However, in recent months, the infrastructure group’s business has begun to gain the desired prominence among American investors; to the point that, since last summer, the volume of transactions in the United States It is already above that operated in Spain and its value exceeds $57 per share compared to the $40 per share at which it closed its first session.

Firstly, the commitment that the Dutch multinational maintains on the North American market has contributed to this. It relies on a third of its sales, which reached 5,420 million euros at the end of the third quarter, and commits 92% of its investments until 2027, with projects such as the new Terminal 1 at JFK airport in New York, or highways such as 407 ETR, in Toronto (Canada), the largest concession asset in the world, or I-66 in Virginia.