Ferrovial (NASDAQ:FER) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Ferrovial SE experienced a significant increase in trading volume, with approximately 503,240 shares changing hands, marking a 141% rise from the previous session.
• Recent analyst ratings for Ferrovial are mixed, with ratings ranging from "buy" to "hold," leading to an average rating of “Moderate Buy.”
• Institutional investors have shown increased interest, with hedge funds holding 22.28% of the company's stock, indicating growing confidence in the company's prospects.

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 503,240 shares changed hands during trading, an increase of 141% from the previous session's volume of 208,999 shares.The stock last traded at $59.77 and had previously closed at $60.26.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FER shares. Wall Street Zen cut shares of Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. Weiss Ratings restated a "buy (b+)" rating on shares of Ferrovial in a report on Saturday, September 27th. Finally, BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Ferrovial Stock Down 0.1%

The business has a 50 day moving average of $55.43 and a 200 day moving average of $51.61.

Hedge Funds Weigh In On Ferrovial

Several institutional investors and hedge funds have recently added to or reduced their stakes in FER. Norges Bank purchased a new position in Ferrovial during the second quarter valued at $498,625,000. Amundi lifted its position 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 buying an additional 5,376,610 shares during the period. Maple Brown Abbott Ltd purchased a new position in Ferrovial during the first quarter valued at $152,224,000. Nuveen LLC purchased a new position in shares of Ferrovial in the 1st quarter worth about $65,565,000. Finally, Credit Agricole S A raised its position in shares of Ferrovial by 45.2% in the 1st quarter. Credit Agricole S A now owns 3,951,264 shares of the company's stock worth $177,491,000 after purchasing an additional 1,229,993 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

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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