Ferrovial (NASDAQ:FER) Sees Large Volume Increase – Time to Buy?

Shares of Ferrovial SE (NASDAQ:FER) saw unusually-strong trading volume on Friday . Approximately 1,259,398 shares traded hands during trading, a decline of 12% from the previous session’s volume of 1,430,424 shares.The stock last traded at $66.7280 and had previously closed at $67.41.

Analysts Set New Price Targets

FER has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Citigroup reiterated a “buy” rating and set a $75.30 price objective (up previously from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Ferrovial in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.30.

Ferrovial Price Performance

The company’s 50-day moving average is $65.92 and its 200 day moving average is $60.36.

Ferrovial Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were given a $0.077 dividend. The ex-dividend date of this dividend was Friday, December 5th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FER. Signaturefd LLC lifted its stake in Ferrovial by 1,089.1% in the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Ferrovial by 118.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares during the period. Larson Financial Group LLC lifted its position in shares of Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after purchasing an additional 687 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ferrovial during the third quarter worth approximately $66,000. Finally, Credit Industriel ET Commercial purchased a new position in Ferrovial during the third quarter valued at approximately $72,000. 22.28% of the stock is owned by institutional investors and hedge funds.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.