Ferrovial SE (NASDAQ:FER) Sees Significant Decrease in Short Interest

Ferrovial SE (NASDAQ:FER) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 4,230,045 shares, a decline of 18.0% from the January 29th total of 5,161,383 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,185,620 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily trading volume, of 1,185,620 shares, the days-to-cover ratio is currently 3.6 days. Currently, 0.6% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FER shares. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Weiss Ratings lowered shares of Ferrovial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 19th. Citigroup restated a “buy” rating and set a $75.30 price objective (up from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Finally, Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC increased its stake in shares of Ferrovial by 1.9% in the second quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock valued at $1,348,444,000 after purchasing an additional 472,349 shares during the period. Lazard Asset Management LLC boosted its position in Ferrovial by 40,717,866.7% during the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after acquiring an additional 21,987,648 shares during the period. Amundi grew its stake in shares of Ferrovial by 87.0% in the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after purchasing an additional 10,016,475 shares in the last quarter. TCI Fund Management Ltd. increased its holdings in shares of Ferrovial by 6.5% during the fourth quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock valued at $1,348,163,000 after purchasing an additional 1,269,548 shares during the period. Finally, Vanguard Group Inc. increased its stake in Ferrovial by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock valued at $1,341,125,000 after buying an additional 354,530 shares during the period. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Price Performance

FER traded down $2.12 during trading on Thursday, reaching $67.30. 264,368 shares of the company were exchanged, compared to its average volume of 1,296,168. Ferrovial has a 52 week low of $40.46 and a 52 week high of $74.79. The firm has a 50 day moving average of $69.14 and a 200 day moving average of $63.96.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.