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.

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.