Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – Should You Buy?

Ferrovial SE (NASDAQ:FER) shares saw unusually-strong trading volume on Tuesday . Approximately 70,023 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 47,828 shares.The stock last traded at $45.09 and had previously closed at $44.92.

Wall Street Analyst Weigh In

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

Ferrovial Stock Performance

The business has a 50 day simple moving average of $44.04 and a 200-day simple moving average of $42.32.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. bought a new position in shares of Ferrovial during the 3rd quarter valued at about $940,000. Janus Henderson Group PLC acquired a new stake in Ferrovial during the third quarter valued at approximately $12,492,000. Royal London Asset Management Ltd. bought a new stake in Ferrovial during the third quarter worth approximately $4,159,000. Quantinno Capital Management LP grew its position in Ferrovial by 59.0% in the third quarter. Quantinno Capital Management LP now owns 43,585 shares of the company’s stock worth $1,880,000 after buying an additional 16,173 shares during the last quarter. Finally, State Street Corp bought a new position in shares of Ferrovial in the third quarter valued at $6,483,000. 22.28% of the stock is owned by institutional investors and hedge funds.

About Ferrovial

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.