Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – Still a Buy?

Ferrovial SE (NASDAQ:FER) saw unusually-strong trading volume on Monday . Approximately 148,217 shares were traded during trading, an increase of 157% from the previous session’s volume of 57,654 shares.The stock last traded at $48.53 and had previously closed at $49.44.

Ferrovial Trading Down 1.0%

The company’s fifty day moving average price is $45.44 and its two-hundred day moving average price is $43.22.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FER. BNP Paribas Financial Markets purchased a new position in shares of Ferrovial during the 4th quarter worth about $25,000. SG Americas Securities LLC purchased a new position in Ferrovial in the fourth quarter valued at approximately $101,000. Banque Cantonale Vaudoise purchased a new position in Ferrovial in the first quarter valued at approximately $150,000. Tower Research Capital LLC TRC purchased a new position in Ferrovial in the fourth quarter valued at approximately $158,000. Finally, Clearbridge Investments LLC purchased a new position in Ferrovial in the fourth quarter valued at approximately $204,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

About Ferrovial

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.