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

Key Points

• Ferrovial SE reached a new 52-week high of $60.47 during trading, indicating strong investor interest and activity.
• Equity analysts have varied ratings on Ferrovial, with three analysts rating it as "Buy" and three issuing a "Hold" rating, reflecting a balanced outlook on the stock.
• Institutional investors have been actively trading Ferrovial, with Assenagon Asset Management increasing its holdings by 16.9% in the third quarter.

Ferrovial SE (NASDAQ:FER - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $60.47 and last traded at $60.36, with a volume of 921124 shares changing hands. The stock had previously closed at $60.26.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings restated a "buy (b+)" rating on shares of Ferrovial in a report on Saturday, September 27th. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Finally, Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Ferrovial Stock Performance

The business has a 50 day moving average of $55.59 and a 200-day moving average of $51.67.

Institutional Investors Weigh In On Ferrovial

Several institutional investors have recently added to or reduced their stakes in FER. Assenagon Asset Management S.A. increased its holdings in Ferrovial by 16.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 39,712 shares of the company's stock worth $2,276,000 after purchasing an additional 5,736 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Ferrovial by 9,326.3% during the second quarter. Osaic Holdings Inc. now owns 1,791 shares of the company's stock worth $96,000 after buying an additional 1,772 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of Ferrovial by 100.5% during the second quarter. Orion Porfolio Solutions LLC now owns 18,011 shares of the company's stock worth $965,000 after buying an additional 9,030 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Ferrovial in the 2nd quarter valued at approximately $5,884,000. Finally, State of Wyoming bought a new stake in Ferrovial in the 2nd quarter valued at approximately $317,000. 22.28% of the stock is 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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