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

Shares of Ferrovial SE (NASDAQ:FER) saw unusually-strong trading volume on Tuesday . Approximately 125,330 shares were traded during mid-day trading, an increase of 101% from the previous session’s volume of 62,260 shares.The stock last traded at $52.37 and had previously closed at $52.18.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Ferrovial from a “hold” rating to a “buy” rating in a research note on Saturday.

Ferrovial Stock Performance

The business’s 50-day simple moving average is $47.05 and its 200 day simple moving average is $44.10.

Ferrovial Increases Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be given a $0.3029 dividend. This is an increase from Ferrovial’s previous — dividend of $0.04. The ex-dividend date is Friday, May 23rd.

Institutional Trading of Ferrovial

A number of hedge funds and other institutional investors have recently modified their holdings of FER. Hsbc Holdings PLC boosted its position in shares of Ferrovial by 0.8% during the 1st quarter. Hsbc Holdings PLC now owns 24,913,875 shares of the company’s stock valued at $1,107,414,000 after purchasing an additional 196,985 shares in the last quarter. Vanguard Group Inc. lifted its stake in Ferrovial by 2.4% during the first quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company’s stock valued at $865,748,000 after purchasing an additional 452,211 shares during the last quarter. TCI Fund Management Ltd. boosted its holdings in Ferrovial by 1.2% during the fourth quarter. TCI Fund Management Ltd. now owns 19,333,428 shares of the company’s stock worth $812,724,000 after buying an additional 238,184 shares in the last quarter. Amundi boosted its holdings in Ferrovial by 43.9% during the first quarter. Amundi now owns 17,636,889 shares of the company’s stock worth $808,475,000 after buying an additional 5,376,610 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Ferrovial by 30.2% in the fourth quarter. Bank of America Corp DE now owns 15,783,345 shares of the company’s stock worth $663,374,000 after buying an additional 3,657,704 shares during the last quarter. Institutional investors own 22.28% of the company’s stock.

Ferrovial Company Profile

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.