Ferrovial (NASDAQ:FER) Sees Large Volume Increase - Should You Buy?

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) saw an uptick in trading volume on Wednesday . 76,226 shares changed hands during mid-day trading, an increase of 64% from the previous session's volume of 46,397 shares.The stock last traded at $45.02 and had previously closed at $44.74.

Analysts Set New Price Targets

Separately, Bank of America upgraded shares of Ferrovial from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd.

Ferrovial Price Performance

The business has a 50 day simple moving average of $43.98 and a 200-day simple moving average of $42.29.

Hedge Funds Weigh In On Ferrovial

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in Ferrovial in the fourth quarter valued at about $25,000. Charles Schwab Investment Management Inc. lifted its stake in Ferrovial by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company's stock valued at $946,000 after purchasing an additional 738 shares during the last quarter. Wellington Management Group LLP grew its holdings in Ferrovial by 2.5% during the fourth quarter. Wellington Management Group LLP now owns 33,774 shares of the company's stock valued at $1,420,000 after purchasing an additional 813 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ferrovial by 24.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock worth $225,000 after buying an additional 1,073 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Ferrovial in the fourth quarter worth $101,000. Institutional investors own 22.28% of the company's stock.

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Ferrovial Company Profile

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.