Short Interest in Ferrovial SE (NASDAQ:FER) Decreases By 23.0%

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

Analysts Set New Price Targets

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

Ferrovial Trading Up 0.1%

Shares of FER stock traded up $0.08 on Tuesday, hitting $72.71. The company’s stock had a trading volume of 868,218 shares, compared to its average volume of 1,339,026. Ferrovial has a fifty-two week low of $40.46 and a fifty-two week high of $74.79. The stock’s 50 day moving average is $67.69 and its 200-day moving average is $62.40.

Ferrovial Announces Dividend

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

Institutional Investors Weigh In On Ferrovial

Large investors have recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new stake in shares of Ferrovial during the 4th quarter valued at $424,000. Sciencast Management LP acquired a new position in Ferrovial in the fourth quarter valued at about $599,000. Ninepoint Partners LP acquired a new position in Ferrovial in the fourth quarter valued at about $558,000. Osaic Holdings Inc. grew its stake in Ferrovial by 258.7% during the fourth quarter. Osaic Holdings Inc. now owns 5,980 shares of the company’s stock worth $388,000 after buying an additional 4,313 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in Ferrovial in the 4th quarter valued at about $2,367,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

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.