Ferrovial (NASDAQ:FER) Sees Unusually-High Trading Volume – Here’s Why

Shares of Ferrovial SE (NASDAQ:FER) saw an uptick in trading volume on Thursday . 879,856 shares changed hands during trading, an increase of 187% from the previous session’s volume of 306,754 shares.The stock last traded at $63.8360 and had previously closed at $64.58.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FER. Weiss Ratings restated a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a research note on Monday. Finally, Wall Street Zen cut shares of Ferrovial from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Ferrovial Price Performance

The firm’s 50 day moving average price is $59.73 and its two-hundred day moving average price is $54.61.

Ferrovial Dividend Announcement

The company also recently declared a special dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, October 27th will be issued a dividend of $0.4769 per share. The ex-dividend date is Monday, October 27th.

Hedge Funds Weigh In On Ferrovial

Institutional investors have recently bought and sold shares of the company. Altfest L J & Co. Inc. boosted its stake in Ferrovial by 0.9% in the 3rd 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 period. ProShare Advisors LLC boosted its stake in Ferrovial by 0.4% in the third quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock worth $2,990,000 after buying an additional 206 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Ferrovial by 2.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock worth $412,000 after purchasing an additional 214 shares during the period. Ensign Peak Advisors Inc lifted its stake in shares of Ferrovial by 0.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company’s stock valued at $1,781,000 after acquiring an additional 236 shares during the last quarter. Finally, Harbor Advisors LLC lifted its position in Ferrovial by 2.8% in the second quarter. Harbor Advisors LLC now owns 8,973 shares of the company’s stock valued at $479,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other 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.