Short Interest in Ferrovial SE (NASDAQ:FER) Increases By 161.4%

Ferrovial SE (NASDAQ:FER) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 6,385,754 shares, a growth of 161.4% from the December 15th total of 2,442,534 shares. Based on an average daily trading volume, of 7,182,802 shares, the short-interest ratio is presently 0.9 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 7,182,802 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Ferrovial

A number of hedge funds have recently bought and sold shares of FER. Altfest L J & Co. Inc. boosted its position in Ferrovial by 0.9% in the third quarter. Altfest L J & Co. Inc. now owns 18,426 shares of the company’s stock worth $1,080,000 after purchasing an additional 165 shares during the last quarter. ProShare Advisors LLC grew its position in Ferrovial by 0.4% during the third quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock valued at $2,990,000 after buying an additional 206 shares during the period. Envestnet Asset Management Inc. increased its holdings in Ferrovial by 2.9% during the second quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock valued at $412,000 after buying an additional 214 shares during the last quarter. Hancock Whitney Corp raised its position in Ferrovial by 1.6% in the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after acquiring an additional 230 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in Ferrovial by 0.7% in the second quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company’s stock worth $1,781,000 after acquiring an additional 236 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup reissued a “buy” rating and issued a $75.30 target price (up previously from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Sanford C. Bernstein lowered Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.30.

Ferrovial Stock Performance

Shares of FER stock traded up $0.04 during trading hours on Thursday, reaching $67.66. The company had a trading volume of 746,274 shares, compared to its average volume of 1,294,403. The business has a fifty day moving average price of $65.44 and a 200-day moving average price of $59.65. Ferrovial has a one year low of $40.46 and a one year high of $68.09.

Ferrovial Announces Dividend

The business also recently announced a special dividend, which was paid on Monday, December 22nd. Shareholders 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.