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

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Ferrovial SE (NASDAQ:FER - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 60,397 shares traded hands during mid-day trading, an increase of 34% from the previous session's volume of 45,164 shares.The stock last traded at $44.64 and had previously closed at $44.72.

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.

Check Out Our Latest Report on Ferrovial

Ferrovial Price Performance

The business has a fifty day moving average of $43.57 and a 200-day moving average of $42.18.

Institutional Investors Weigh In On Ferrovial

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in shares of Ferrovial during the fourth quarter worth $25,000. SG Americas Securities LLC acquired a new position in Ferrovial in the 4th quarter worth about $101,000. Tower Research Capital LLC TRC acquired a new stake in Ferrovial in the fourth quarter valued at approximately $158,000. Clearbridge Investments LLC bought a new stake in Ferrovial in the fourth quarter worth $204,000. Finally, Optas LLC acquired a new stake in Ferrovial in the 4th quarter worth approximately $228,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Ferrovial

(Get Free Report)

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.

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