Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – Should You Buy?

Shares of Ferrovial SE (NASDAQ:FER) saw an uptick in trading volume on Friday . 63,350 shares were traded during trading, an increase of 144% from the previous session’s volume of 25,934 shares.The stock last traded at $42.15 and had previously closed at $41.98.

Ferrovial Stock Up 0.6 %

The company has a 50-day simple moving average of $41.63.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FER. Allspring Global Investments Holdings LLC bought a new position in Ferrovial during the 3rd quarter worth about $296,000. Susquehanna International Securities Ltd. purchased a new stake in shares of Ferrovial in the 2nd quarter worth approximately $228,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Ferrovial during the second quarter valued at approximately $2,219,000. Legal & General Group Plc purchased a new position in Ferrovial during the second quarter valued at approximately $325,256,000. Finally, Luxor Capital Group LP bought a new position in Ferrovial in the second quarter worth approximately $11,161,000.

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.