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

Ferrovial SE (NASDAQ:FER - Get Free Report) saw strong trading volume on Tuesday . 70,023 shares traded hands during mid-day trading, an increase of 46% from the previous session's volume of 47,828 shares.The stock last traded at $45.09 and had previously closed at $44.92.

Ferrovial Trading Down 6.9 %

The business's fifty day moving average price is $44.17 and its 200 day moving average price is $42.40.

Institutional Trading of Ferrovial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Ferrovial during the fourth quarter worth $440,665,000. Banco Santander S.A. acquired a new stake in Ferrovial in the 4th quarter worth about $310,316,000. FMR LLC grew its holdings in Ferrovial by 4,066.5% in the 4th quarter. FMR LLC now owns 6,171,067 shares of the company's stock valued at $259,527,000 after buying an additional 6,022,956 shares during the period. Bank of America Corp DE increased its stake in shares of Ferrovial by 30.2% during the 4th quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock valued at $663,374,000 after acquiring an additional 3,657,704 shares during the last quarter. Finally, Brookfield Corp ON acquired a new position in shares of Ferrovial during the 3rd quarter valued at about $71,881,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

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.