Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – Time to Buy?

Ferrovial SE (NASDAQ:FER) saw an uptick in trading volume on Friday . 1,259,398 shares changed hands during trading, a decline of 12% from the previous session’s volume of 1,430,424 shares.The stock last traded at $66.7280 and had previously closed at $67.41.

Analyst Ratings Changes

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

Ferrovial Stock Performance

The company’s 50-day simple moving average is $65.85 and its 200-day simple moving average is $60.20.

Ferrovial Dividend Announcement

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

Institutional Investors Weigh In On Ferrovial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in 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. EverSource Wealth Advisors LLC lifted its stake in shares of Ferrovial by 118.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after purchasing an additional 364 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Ferrovial by 240.2% during the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after purchasing an additional 687 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ferrovial in the third quarter valued at $66,000. Finally, Credit Industriel ET Commercial purchased a new position in Ferrovial during the third quarter worth about $72,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Company Profile

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.