Ferrovial (NASDAQ:FER) Hits New 12-Month High - Should You Buy?

Key Points

• Ferrovial SE reached a new 12-month high trading at $58.95, indicating strong market performance with significant trading volume of 573,719 shares.
• Wall Street analysts have mixed ratings on Ferrovial, with two analysts recommending a Buy and three a Hold, resulting in an average rating of "Hold."
• Institutional investors hold 22.28% of Ferrovial's stock, with notable increases in positions by firms such as Envestnet Asset Management and Harbor Advisors.

Ferrovial SE (NASDAQ:FER - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.95 and last traded at $58.94, with a volume of 573719 shares trading hands. The stock had previously closed at $58.52.

Wall Street Analysts Forecast Growth

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

Ferrovial Stock Performance

The business's 50 day simple moving average is $55.02 and its two-hundred day simple moving average is $51.19.

Institutional Trading of Ferrovial

A number of institutional investors and hedge funds have recently bought and sold shares of FER. Envestnet Asset Management Inc. grew its position in Ferrovial by 2.9% during the second quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company's stock valued at $412,000 after buying an additional 214 shares during the period. Ensign Peak Advisors Inc grew its position in Ferrovial by 0.7% during the second quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company's stock valued at $1,781,000 after buying an additional 236 shares during the period. Harbor Advisors LLC grew its position in Ferrovial by 2.8% during the second quarter. Harbor Advisors LLC now owns 8,973 shares of the company's stock valued at $479,000 after buying an additional 244 shares during the period. Royal Bank of Canada grew its position in Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company's stock valued at $564,000 after buying an additional 246 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Ferrovial during the fourth quarter valued at approximately $25,000. 22.28% of the stock is currently owned by 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.

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