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

Shares of Ferrovial SE (NASDAQ:FER) saw unusually-strong trading volume on Thursday . Approximately 60,397 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 45,164 shares.The stock last traded at $44.64 and had previously closed at $44.72.

Analysts Set New Price Targets

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

Ferrovial Trading Down 0.5 %

The stock’s 50 day simple moving average is $43.57 and its two-hundred day simple moving average is $42.17.

Hedge Funds Weigh In On Ferrovial

Several institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in Ferrovial during the fourth quarter valued at about $25,000. SG Americas Securities LLC purchased a new position in Ferrovial in the 4th quarter worth $101,000. Tower Research Capital LLC TRC purchased a new position in Ferrovial in the 4th quarter worth $158,000. Clearbridge Investments LLC acquired a new stake in Ferrovial during the 4th quarter worth about $204,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ferrovial by 24.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company’s stock valued at $225,000 after purchasing an additional 1,073 shares during the last quarter. 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.