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

Ferrovial logo with Finance background

Ferrovial SE (NASDAQ:FER - Get Free Report) shares saw strong trading volume on Friday . 221,373 shares were traded during mid-day trading, an increase of 210% from the previous session's volume of 71,487 shares.The stock last traded at $50.23 and had previously closed at $50.58.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a report on Friday, June 6th.

View Our Latest Stock Report on Ferrovial

Ferrovial Stock Performance

The business has a fifty day simple moving average of $49.65 and a two-hundred day simple moving average of $45.48.

Ferrovial Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.3029 per share. The ex-dividend date is Friday, May 23rd. This is a positive change from Ferrovial's previous -- dividend of $0.04.

Hedge Funds Weigh In On Ferrovial

Large investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Ferrovial during the 4th quarter valued at about $440,665,000. Banco Santander S.A. bought a new stake in shares of Ferrovial during the 4th quarter worth approximately $310,316,000. FMR LLC lifted its stake in Ferrovial by 4,066.5% in the 4th quarter. FMR LLC now owns 6,171,067 shares of the company's stock valued at $259,527,000 after purchasing an additional 6,022,956 shares during the last quarter. Amundi increased its holdings in shares of Ferrovial by 43.9% in the first quarter. Amundi now owns 17,636,889 shares of the company's stock valued at $808,475,000 after purchasing an additional 5,376,610 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Ferrovial by 30.2% during the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock worth $663,374,000 after purchasing an additional 3,657,704 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Ferrovial

(Get Free Report)

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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