Ferrovial (NASDAQ:FER) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Ferrovial SE (NASDAQ:FER) saw unusually-strong trading volume on Tuesday . Approximately 859,772 shares were traded during trading, an increase of 113% from the previous session’s volume of 403,156 shares.The stock last traded at $67.60 and had previously closed at $67.45.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Weiss Ratings reissued a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ferrovial currently has an average rating of “Moderate Buy”.

Ferrovial Stock Performance

The stock has a 50 day moving average of $63.88 and a 200-day moving average of $57.44.

Ferrovial Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be given a $0.077 dividend. The ex-dividend date is Friday, December 5th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FER. Lazard Asset Management LLC lifted its position in shares of Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after buying an additional 21,987,648 shares in the last quarter. Amundi grew its holdings in Ferrovial by 87.0% during the 3rd quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after buying an additional 10,016,475 shares in the last quarter. Norges Bank bought a new stake in Ferrovial in the 2nd quarter worth approximately $498,625,000. Credit Agricole S A purchased a new stake in shares of Ferrovial during the 3rd quarter worth approximately $343,371,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Ferrovial during the 3rd quarter valued at approximately $175,868,000. 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.