Ferrovial (NASDAQ:FER) Sees Large Volume Increase – Here’s What Happened

Ferrovial SE (NASDAQ:FER) saw unusually-high trading volume on Tuesday . Approximately 859,772 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 403,156 shares.The stock last traded at $67.60 and had previously closed at $67.45.

Analysts Set New Price Targets

Several analysts recently weighed in on FER shares. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Ferrovial Stock Down 0.3%

The stock’s fifty day simple moving average is $63.88 and its two-hundred day simple moving average is $57.44.

Ferrovial Announces Dividend

The business also recently declared a special dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be paid a $0.077 dividend. The ex-dividend date is Friday, December 5th.

Institutional Investors Weigh In On Ferrovial

Several hedge funds have recently added to or reduced their stakes in FER. EverSource Wealth Advisors LLC boosted its holdings in Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after purchasing an additional 364 shares during the last quarter. Larson Financial Group LLC raised its stake in Ferrovial by 240.2% during the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after buying an additional 687 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Ferrovial during the 3rd quarter valued at $66,000. Credit Industriel ET Commercial purchased a new position in shares of Ferrovial in the 3rd quarter worth $72,000. Finally, AlphaCore Capital LLC purchased a new position in shares of Ferrovial in the 2nd quarter worth $83,000. 22.28% of the stock is owned by institutional investors.

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.