Ferrovial (NASDAQ:FER) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Ferrovial SE saw a significant increase in trading volume, with 405,886 shares exchanged on Monday, marking a 131% rise from the previous session's volume.
• Analyst ratings for Ferrovial vary, with BNP Paribas upgrading the stock to a neutral rating while Wall Street Zen downgraded it to a hold, resulting in a consensus rating of "Hold".
• Institutional investors have shown interest in Ferrovial, with major firms like Hsbc Holdings and Vanguard Group increasing their stakes in the company during the second quarter.

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) saw strong trading volume on Monday . 405,886 shares were traded during trading, an increase of 131% from the previous session's volume of 175,866 shares.The stock last traded at $57.88 and had previously closed at $57.65.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, BNP Paribas Exane upgraded 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold".

Ferrovial Stock Down 1.7%

The stock has a 50-day simple moving average of $54.41 and a 200 day simple moving average of $50.61.

Hedge Funds Weigh In On Ferrovial

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in shares of Ferrovial by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,114,780 shares of the company's stock worth $50,076,000 after buying an additional 14,821 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Ferrovial by 3.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock worth $1,339,000 after buying an additional 1,059 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ferrovial by 24.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock worth $225,000 after buying an additional 1,073 shares in the last quarter. Zurich Insurance Group Ltd FI raised its holdings in shares of Ferrovial by 32.4% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 181,345 shares of the company's stock worth $8,073,000 after buying an additional 44,372 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Ferrovial in the 4th quarter worth approximately $228,000. 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.