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.

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 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

Several research analysts have commented on FER shares. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Wall Street Zen lowered shares of 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold".

Ferrovial Stock Up 0.7%

The business's 50 day simple moving average is $52.42 and its 200-day simple moving average is $48.48.

Ferrovial Increases Dividend

The company also recently announced a -- dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid a $0.3029 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This is a boost from Ferrovial's previous -- dividend of $0.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board boosted its holdings in shares of Ferrovial by 8.4% in the second quarter. Public Sector Pension Investment Board now owns 278,247 shares of the company's stock valued at $14,783,000 after buying an additional 21,458 shares during the period. Skye Global Management LP boosted its stake in Ferrovial by 18.4% in the 2nd quarter. Skye Global Management LP now owns 324,500 shares of the company's stock worth $17,383,000 after purchasing an additional 50,500 shares during the period. Orion Porfolio Solutions LLC increased its holdings in Ferrovial by 100.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 18,011 shares of the company's stock worth $965,000 after purchasing an additional 9,030 shares in the last quarter. Jane Street Group LLC increased its holdings in Ferrovial by 117.1% during the 2nd quarter. Jane Street Group LLC now owns 52,624 shares of the company's stock worth $2,807,000 after purchasing an additional 28,386 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Ferrovial by 232.6% in the 2nd quarter. Raymond James Financial Inc. now owns 36,531 shares of the company's stock valued at $1,957,000 after purchasing an additional 25,547 shares during the period. 22.28% of the stock is owned by institutional investors and hedge funds.

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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