Ferrovial (NASDAQ:FER) Sees Large Volume Increase – Here’s Why

Ferrovial SE (NASDAQ:FER) saw unusually-high trading volume on Tuesday . Approximately 28,865 shares were traded during mid-day trading, a decline of 45% from the previous session’s volume of 52,071 shares.The stock last traded at $44.84 and had previously closed at $44.60.

Ferrovial Stock Performance

The firm has a 50 day simple moving average of $44.17 and a 200 day simple moving average of $42.40.

Institutional Investors Weigh In On Ferrovial

Several institutional investors have recently modified their holdings of FER. Charles Schwab Investment Management Inc. bought a new stake in Ferrovial in the 3rd quarter worth approximately $940,000. Raymond James Financial Inc. bought a new position in shares of Ferrovial in the fourth quarter worth about $466,000. Norges Bank purchased a new position in shares of Ferrovial in the fourth quarter worth $440,665,000. JPMorgan Chase & Co. boosted its holdings in shares of Ferrovial by 40.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,573,215 shares of the company’s stock valued at $197,517,000 after purchasing an additional 1,326,065 shares during the last quarter. Finally, Exane Asset Management purchased a new position in Ferrovial during the 4th quarter valued at approximately $14,359,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

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.