Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – Here’s What Happened

Shares of Ferrovial SE (NASDAQ:FER) saw an uptick in trading volume on Wednesday . 76,226 shares traded hands during mid-day trading, an increase of 64% from the previous session’s volume of 46,397 shares.The stock last traded at $45.02 and had previously closed at $44.74.

Analyst Upgrades and Downgrades

Separately, Bank of America upgraded shares of Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd.

Ferrovial Stock Down 0.1 %

The business’s 50 day moving average price is $43.90 and its 200 day moving average price is $42.26.

Institutional Investors Weigh In On Ferrovial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Ferrovial in the 4th quarter worth approximately $25,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Ferrovial by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company’s stock worth $946,000 after buying an additional 738 shares during the period. Wellington Management Group LLP increased its stake in Ferrovial by 2.5% in the 4th quarter. Wellington Management Group LLP now owns 33,774 shares of the company’s stock worth $1,420,000 after buying an additional 813 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ferrovial by 24.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company’s stock valued at $225,000 after acquiring an additional 1,073 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Ferrovial during the 4th quarter worth $101,000. 22.28% of the stock is owned by hedge funds and other 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.