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

Ferrovial SE (NASDAQ:FER) saw strong trading volume on Wednesday . 76,226 shares traded hands during mid-day trading, an increase of 64% from the previous session’s volume of 46,397 shares.The stock last traded at $45.02 and had previously closed at $44.74.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded shares of Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd.

Ferrovial Stock Performance

The business has a 50 day moving average price of $43.73 and a 200 day moving average price of $42.23.

Institutional Investors Weigh In On Ferrovial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in Ferrovial by 2.5% in the fourth quarter. Wellington Management Group LLP now owns 33,774 shares of the company’s stock worth $1,420,000 after purchasing an additional 813 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in Ferrovial during the 4th quarter worth about $6,738,000. Mackenzie Financial Corp increased its position in Ferrovial by 10.7% during the 4th quarter. Mackenzie Financial Corp now owns 84,106 shares of the company’s stock valued at $3,535,000 after purchasing an additional 8,116 shares during the period. TCI Fund Management Ltd. raised its holdings in shares of Ferrovial by 1.2% in the 4th quarter. TCI Fund Management Ltd. now owns 19,333,428 shares of the company’s stock valued at $812,724,000 after purchasing an additional 238,184 shares in the last quarter. Finally, Thornburg Investment Management Inc. boosted its stake in shares of Ferrovial by 6.4% during the fourth quarter. Thornburg Investment Management Inc. now owns 1,695,181 shares of the company’s stock valued at $71,253,000 after purchasing an additional 101,310 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

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.