Ferrovial (NASDAQ:FER) Hits New 1-Year High - Here's What Happened

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)'s stock price hit a new 52-week high on Monday . The company traded as high as $56.57 and last traded at $56.32, with a volume of 489039 shares traded. The stock had previously closed at $55.75.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. BNP Paribas raised shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Finally, Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ferrovial presently has an average rating of "Hold".

Ferrovial Price Performance

The stock's fifty day simple moving average is $53.44 and its two-hundred day simple moving average is $49.63.

Hedge Funds Weigh In On Ferrovial

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Ferrovial during the second quarter worth approximately $498,625,000. Amundi raised its stake in Ferrovial by 43.9% during the first quarter. Amundi now owns 17,636,889 shares of the company's stock worth $808,475,000 after acquiring an additional 5,376,610 shares in the last quarter. Maple Brown Abbott Ltd acquired a new position in Ferrovial during the first quarter worth $152,224,000. Nuveen LLC acquired a new position in Ferrovial during the first quarter worth $65,565,000. Finally, Credit Agricole S A raised its holdings in shares of Ferrovial by 45.2% in the first quarter. Credit Agricole S A now owns 3,951,264 shares of the company's stock valued at $177,491,000 after buying an additional 1,229,993 shares during the last quarter. Institutional investors and hedge funds 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.

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