Ferrovial (NASDAQ:FER) Sees Unusually-High Trading Volume – Here’s What Happened

Ferrovial SE (NASDAQ:FER) saw an uptick in trading volume on Tuesday . 70,023 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 47,828 shares.The stock last traded at $45.09 and had previously closed at $44.92.

Analysts Set New Price Targets

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

Ferrovial Trading Up 0.6 %

The business has a fifty day moving average price of $44.04 and a two-hundred day moving average price of $42.32.

Hedge Funds Weigh In On Ferrovial

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Ferrovial in the fourth quarter worth approximately $440,665,000. Banco Santander S.A. acquired a new stake in shares of Ferrovial during the 4th quarter valued at $310,316,000. FMR LLC grew its holdings in shares of Ferrovial by 4,066.5% during the 4th quarter. FMR LLC now owns 6,171,067 shares of the company’s stock valued at $259,527,000 after acquiring an additional 6,022,956 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Ferrovial by 30.2% in the fourth quarter. Bank of America Corp DE now owns 15,783,345 shares of the company’s stock worth $663,374,000 after acquiring an additional 3,657,704 shares during the last quarter. Finally, Brookfield Corp ON purchased a new stake in shares of Ferrovial during the third quarter worth $71,881,000. 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.