Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – What’s Next?

Ferrovial SE (NASDAQ:FER) shares saw an uptick in trading volume on Thursday . 879,856 shares changed hands during mid-day 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 Analyst Weigh In

A number of research firms recently weighed in on FER. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ferrovial in a research report on Monday. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Ferrovial from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ferrovial presently has a consensus rating of “Moderate Buy”.

Ferrovial Stock Performance

The stock has a 50 day moving average price of $59.39 and a two-hundred day moving average price of $54.42.

Ferrovial Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Ferrovial during the 2nd quarter worth approximately $498,625,000. Amundi raised its position in Ferrovial by 43.9% in the 1st quarter. Amundi now owns 17,636,889 shares of the company’s stock valued at $808,475,000 after purchasing an additional 5,376,610 shares during the last quarter. Maple Brown Abbott Ltd bought a new position in Ferrovial in the 1st quarter valued at $152,224,000. Bank of Italy bought a new position in Ferrovial in the 3rd quarter valued at $126,229,000. Finally, Nuveen LLC bought a new position in Ferrovial in the 1st quarter valued at $65,565,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

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.