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

Ferrovial SE (NASDAQ:FER) saw unusually-high trading volume on Thursday . Approximately 60,397 shares traded hands 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.

Analyst Upgrades and Downgrades

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

Ferrovial Price Performance

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

Hedge Funds Weigh In On Ferrovial

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in shares of Ferrovial during the 4th quarter worth approximately $25,000. SG Americas Securities LLC purchased a new stake in Ferrovial in the 4th quarter worth $101,000. Tower Research Capital LLC TRC acquired a new position in Ferrovial during the fourth quarter worth $158,000. Clearbridge Investments LLC purchased a new position in Ferrovial during the fourth quarter valued at $204,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ferrovial by 24.6% in the fourth 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 period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

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.