Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – Still a Buy?

Ferrovial SE (NASDAQ:FER) shares saw unusually-high trading volume on Thursday . Approximately 1,013,810 shares changed hands during trading, a decline of 25% from the previous session’s volume of 1,347,738 shares.The stock last traded at $66.5320 and had previously closed at $66.39.

Wall Street Analyst Weigh In

FER has been the subject of several recent analyst reports. Citigroup cut Ferrovial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research upgraded Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday. Finally, Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and upped their target price for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Price Performance

The firm’s fifty day moving average price is $68.25 and its 200-day moving average price is $67.62. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13.

Ferrovial (NASDAQ:FER) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $3.19 billion for the quarter. On average, sell-side analysts anticipate that Ferrovial SE will post 1.44 EPS for the current year.

Ferrovial Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.5578 per share. The ex-dividend date is Tuesday, May 19th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC increased its holdings in shares of Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after buying an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Ferrovial by 80.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after purchasing an additional 262 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares during the period. Blue Trust Inc. increased its holdings in Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares during the period. Finally, Larson Financial Group LLC increased its holdings in Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares during the period. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.