Ferrovial SE (NASDAQ:FER) Sees Large Decline in Short Interest

Ferrovial SE (NASDAQ:FER) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 5,161,383 shares, a decrease of 23.0% from the January 15th total of 6,699,065 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 1,481,900 shares, the short-interest ratio is presently 3.5 days. Based on an average trading volume of 1,481,900 shares, the short-interest ratio is presently 3.5 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in shares of Ferrovial by 1.9% during the 2nd quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock worth $1,348,444,000 after purchasing an additional 472,349 shares during the last quarter. Lazard Asset Management LLC raised its stake in Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after buying an additional 21,987,648 shares in the last quarter. Amundi raised its stake in Ferrovial by 87.0% in the third quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after buying an additional 10,016,475 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Ferrovial by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock worth $1,341,125,000 after buying an additional 354,530 shares during the last quarter. Finally, TCI Fund Management Ltd. boosted its position in shares of Ferrovial by 0.7% during the 2nd quarter. TCI Fund Management Ltd. now owns 19,470,666 shares of the company’s stock worth $1,038,720,000 after acquiring an additional 137,238 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating and set a $75.30 price target (up from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Weiss Ratings upgraded shares of Ferrovial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $75.30.

Ferrovial Trading Down 0.5%

FER traded down $0.34 on Monday, hitting $72.63. 1,278,286 shares of the company were exchanged, compared to its average volume of 1,222,269. The firm has a 50-day moving average price of $67.58 and a two-hundred day moving average price of $62.25. Ferrovial has a twelve month low of $40.46 and a twelve month high of $74.79.

Ferrovial Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were paid a dividend of $0.077 per share. The ex-dividend date was Friday, December 5th.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.