Ferrovial (NASDAQ:FER) Sees Large Volume Increase – Still a Buy?

Ferrovial SE (NASDAQ:FER) saw unusually-high trading volume on Wednesday . Approximately 76,226 shares were traded during trading, an increase of 64% from the previous session’s volume of 46,397 shares.The stock last traded at $45.02 and had previously closed at $44.74.

Analysts Set New Price Targets

Separately, Bank of America upgraded shares of Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd.

Ferrovial Stock Up 0.1 %

The stock’s fifty day simple moving average is $43.73 and its two-hundred day simple moving average is $42.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FER. Hsbc Holdings PLC grew its stake in shares of Ferrovial by 3.7% during the 4th quarter. Hsbc Holdings PLC now owns 24,716,890 shares of the company’s stock valued at $1,041,137,000 after acquiring an additional 885,460 shares during the period. TCI Fund Management Ltd. boosted its holdings in Ferrovial by 1.2% in the 4th 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 during the period. Bank of America Corp DE increased its stake in Ferrovial by 30.2% in the 4th 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 in the last quarter. Norges Bank bought a new position in shares of Ferrovial in the fourth quarter worth about $440,665,000. Finally, Banco Santander S.A. purchased a new stake in shares of Ferrovial during the fourth quarter worth about $310,316,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

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.