Ferrovial (NASDAQ:FER) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Ferrovial SE (NASDAQ:FER) saw strong trading volume on Friday . 47,138 shares were traded during trading, an increase of 66% from the previous session’s volume of 28,465 shares.The stock last traded at $43.36 and had previously closed at $42.80.

Analyst Ratings Changes

Several equities research analysts have commented on FER shares. Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised shares of Ferrovial from a “neutral” rating to a “buy” rating in a report on Tuesday.

Ferrovial Trading Down 0.2 %

The company’s fifty day simple moving average is $40.67 and its 200 day simple moving average is $40.70.

Ferrovial Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.4592 per share. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from Ferrovial’s previous — dividend of $0.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FER. Hsbc Holdings PLC bought a new position in Ferrovial in the second quarter valued at $921,680,000. Legal & General Group Plc purchased a new position in shares of Ferrovial during the 2nd quarter valued at about $325,256,000. Toronto Dominion Bank bought a new position in Ferrovial during the second quarter valued at approximately $79,653,000. Bank of Montreal Can purchased a new position in shares of Ferrovial during the second quarter worth approximately $69,715,000. Finally, Brookfield Corp ON bought a new stake in shares of Ferrovial in the 3rd quarter worth approximately $71,881,000.

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.