Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – Time to Buy?

Ferrovial SE (NASDAQ:FER) saw an uptick in trading volume on Tuesday . 50,030 shares were traded during mid-day trading, an increase of 56% from the previous session’s volume of 32,104 shares.The stock last traded at $43.71 and had previously closed at $41.95.

Analyst Ratings Changes

A number of equities analysts recently commented on FER shares. Bank of America raised shares of Ferrovial from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised shares of Ferrovial to a “hold” rating in a report on Tuesday, November 12th.

Ferrovial Stock Up 3.7 %

The business’s 50 day simple moving average is $40.87 and its 200 day simple moving average is $40.90.

Ferrovial Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0366 per share. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Investors Weigh In On Ferrovial

A number of institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Securities Ltd. bought a new stake in shares of Ferrovial during the second quarter valued at approximately $228,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ferrovial in the third quarter valued at $296,000. Oppenheimer Asset Management Inc. purchased a new position in Ferrovial during the second quarter valued at approximately $307,000. Hancock Whitney Corp purchased a new position in Ferrovial in the second quarter valued at about $352,000. Finally, Acadian Asset Management LLC acquired a new stake in Ferrovial in the second quarter valued at approximately $370,000. 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.