Ferrovial (NASDAQ:FER) Hits New 52-Week High - Here's Why

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $49.72 and last traded at $49.65, with a volume of 140388 shares traded. The stock had previously closed at $48.41.

Ferrovial Price Performance

The firm has a 50 day moving average of $45.06 and a two-hundred day moving average of $43.00.

Institutional Trading of Ferrovial

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Ferrovial during the 4th quarter worth $440,665,000. Banco Santander S.A. bought a new stake in shares of Ferrovial during the fourth quarter worth about $310,316,000. FMR LLC increased its stake in shares of Ferrovial by 4,066.5% in the fourth quarter. FMR LLC now owns 6,171,067 shares of the company's stock valued at $259,527,000 after buying an additional 6,022,956 shares during the period. Bank of America Corp DE raised its holdings in Ferrovial by 30.2% in the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock valued at $663,374,000 after buying an additional 3,657,704 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Ferrovial by 40.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,573,215 shares of the company's stock worth $197,517,000 after buying an additional 1,326,065 shares during the period. Institutional investors and hedge funds 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.