Ferrovial (NASDAQ:FER) Sets New 12-Month High - What's Next?

Key Points

• Ferrovial's stock reached a new **52-week high** of $56.57, closing at $56.32 with **489,039 shares traded**.
• Analyst ratings show mixed opinions, with Morgan Stanley maintaining an "**overweight**" rating, while BNP Paribas upgraded the stock to "**hold**" and there are two "Buy" and three "Hold" ratings overall.
• Significant hedge fund activity includes **Norges Bank** purchasing a new stake worth approximately **$498.63 million**, indicating strong institutional interest in Ferrovial.

Ferrovial SE (NASDAQ:FER - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $56.57 and last traded at $56.32, with a volume of 489039 shares trading hands. The stock had previously closed at $55.75.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FER. BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. BNP Paribas Exane raised Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Wall Street Zen lowered Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Two 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 company has an average rating of "Hold".

Ferrovial Stock Performance

The stock has a fifty day moving average price of $53.77 and a 200 day moving average price of $49.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in Ferrovial by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company's stock valued at $412,000 after purchasing an additional 214 shares during the period. Ensign Peak Advisors Inc boosted its stake in Ferrovial by 0.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company's stock valued at $1,781,000 after purchasing an additional 236 shares during the period. Harbor Advisors LLC boosted its stake in Ferrovial by 2.8% during the 2nd 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 period. Royal Bank of Canada boosted its stake in Ferrovial by 2.0% during the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company's stock valued at $564,000 after purchasing an additional 246 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Ferrovial during the 4th quarter valued at approximately $25,000. 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.