Ferrovial (NASDAQ:FER) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Ferrovial SE experienced a significant increase in trading volume, with 270,040 shares traded on Monday, an 83% rise compared to the previous session.
• Recent analyst updates saw Wall Street Zen downgrade Ferrovial from a "buy" to a "hold" rating, while BNP Paribas made multiple upgrades, leading to a current consensus rating of "Hold".
• Several large institutional investors have increased their stakes in Ferrovial, with Amundi boosting its holdings by 43.9% in the first quarter.

Ferrovial SE (NASDAQ:FER - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 270,040 shares traded hands during mid-day trading, an increase of 83% from the previous session's volume of 147,479 shares.The stock last traded at $55.24 and had previously closed at $55.97.

Analysts Set New Price Targets

Several analysts have issued reports on FER shares. Wall Street Zen lowered shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Finally, BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold".

Ferrovial Price Performance

The stock's 50 day simple moving average is $53.21 and its two-hundred day simple moving average is $49.24.

Institutional Investors Weigh In On Ferrovial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC raised its stake in shares of Ferrovial by 1.9% during the second quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company's stock worth $1,348,444,000 after buying an additional 472,349 shares during the last quarter. Vanguard Group Inc. grew its holdings in Ferrovial by 3.1% during the second quarter. Vanguard Group Inc. now owns 19,957,338 shares of the company's stock valued at $1,064,584,000 after purchasing an additional 601,503 shares during the period. TCI Fund Management Ltd. grew its holdings in Ferrovial by 0.7% during the second quarter. TCI Fund Management Ltd. now owns 19,470,666 shares of the company's stock valued at $1,038,720,000 after purchasing an additional 137,238 shares during the period. Amundi grew its holdings in Ferrovial by 43.9% during 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 period. Finally, Bank of America Corp DE grew its holdings in Ferrovial by 30.2% during the fourth quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock valued at $663,374,000 after purchasing an additional 3,657,704 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.