Ferrovial (NASDAQ:FER) Hits New 1-Year High – Here’s What Happened

Ferrovial SE (NASDAQ:FER)’s stock price hit a new 52-week high on Friday . The company traded as high as $74.79 and last traded at $74.29, with a volume of 189889 shares traded. The stock had previously closed at $74.07.

Analysts Set New Price Targets

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

Ferrovial Price Performance

The stock’s 50-day moving average is $68.83 and its 200 day moving average is $63.63.

Institutional Trading of Ferrovial

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its holdings in Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock worth $38,000 after purchasing an additional 262 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Ferrovial by 118.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after purchasing an additional 364 shares during the period. Larson Financial Group LLC increased its holdings in shares of Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Ferrovial in the third quarter valued at about $66,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Ferrovial Company Profile

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.