Ferrovial (NASDAQ:FER) Sees Large Volume Increase - Here's What Happened

Key Points

• Ferrovial SE experienced a significant trading volume increase of 74%, with approximately 241,398 shares traded on Monday, up from 138,389 shares the previous session.
• The company recently announced a dividend increase, paying $0.3029 per share, which is a boost from the prior dividend of $0.04.
• Institutional investors have shown increased interest, with firms like Raymond James Financial Inc. boosting their stake by 232.6% in the second quarter.

Ferrovial SE (NASDAQ:FER - Get Free Report) shares saw strong trading volume on Monday . 241,398 shares traded hands during mid-day trading, an increase of 74% from the previous session's volume of 138,389 shares.The stock last traded at $55.06 and had previously closed at $54.85.

Analyst Upgrades and Downgrades

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

Ferrovial Trading Up 1.7%

The stock's fifty day moving average is $52.81 and its two-hundred day moving average is $48.88.

Hedge Funds Weigh In On Ferrovial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FER. Raymond James Financial Inc. bought a new position in Ferrovial during the fourth quarter worth $466,000. Marshall Wace LLP boosted its position in Ferrovial by 153.8% during the fourth quarter. Marshall Wace LLP now owns 49,569 shares of the company's stock worth $2,083,000 after purchasing an additional 30,035 shares during the period. MetLife Investment Management LLC boosted its position in Ferrovial by 15.8% during the fourth quarter. MetLife Investment Management LLC now owns 54,077 shares of the company's stock worth $2,270,000 after purchasing an additional 7,395 shares during the period. Tower Research Capital LLC TRC bought a new position in Ferrovial during the fourth quarter worth $158,000. Finally, Hancock Whitney Corp boosted its position in Ferrovial by 36.9% during the fourth quarter. Hancock Whitney Corp now owns 12,279 shares of the company's stock worth $516,000 after purchasing an additional 3,308 shares during the period. 22.28% of the stock is owned by institutional investors.

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.