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

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

Analyst Ratings Changes

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

Ferrovial Stock Performance

Shares of FER stock traded down $0.34 during mid-day trading on Friday, reaching $72.63. The company’s stock had a trading volume of 1,278,286 shares, compared to its average volume of 1,288,578. The company’s 50 day simple moving average is $67.58 and its 200-day simple moving average is $62.18. Ferrovial has a 12-month low of $40.46 and a 12-month high of $74.79.

Ferrovial Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a $0.077 dividend. The ex-dividend date of this dividend was Friday, December 5th.

Institutional Investors Weigh In On Ferrovial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC grew its stake in shares of Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after buying an additional 21,987,648 shares in the last quarter. Algebris UK Ltd. purchased a new position in Ferrovial in the 4th quarter worth approximately $839,930,000. Amundi grew its position in Ferrovial by 87.0% in the third quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after acquiring an additional 10,016,475 shares in the last quarter. Norges Bank acquired a new stake in Ferrovial in the second quarter valued at approximately $498,625,000. Finally, Credit Agricole S A purchased a new stake in shares of Ferrovial during the third quarter valued at approximately $343,371,000. Hedge funds and other institutional investors 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.