Ferrovial (NASDAQ:FER) Sees Large Volume Increase – Here’s What Happened

Ferrovial SE (NASDAQ:FER) saw unusually-strong trading volume on Thursday . Approximately 1,013,810 shares traded hands during mid-day trading, a decline of 25% from the previous session’s volume of 1,347,738 shares.The stock last traded at $66.5320 and had previously closed at $66.39.

Wall Street Analyst Weigh In

FER has been the topic of a number of research analyst reports. Citigroup lowered Ferrovial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research upgraded Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday. Finally, Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and boosted their price target for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Stock Down 0.1%

The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $68.12 and its 200 day moving average is $67.61.

Ferrovial (NASDAQ:FER) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $3.19 billion during the quarter. As a group, research analysts anticipate that Ferrovial SE will post 1.44 EPS for the current fiscal year.

Ferrovial Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th will be given a $0.5578 dividend. The ex-dividend date is Tuesday, May 19th.

Institutional Investors Weigh In On Ferrovial

Institutional investors and hedge funds have recently made changes to their positions in the business. GF Fund Management CO. LTD. purchased a new position in shares of Ferrovial during the 4th quarter worth $10,000,000. Fisher Asset Management LLC grew its position in shares of Ferrovial by 8.4% in the third quarter. Fisher Asset Management LLC now owns 538,220 shares of the company’s stock valued at $31,540,000 after purchasing an additional 41,783 shares during the period. Korea Investment CORP increased its stake in Ferrovial by 34.3% in the third quarter. Korea Investment CORP now owns 317,488 shares of the company’s stock valued at $18,197,000 after purchasing an additional 81,016 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in Ferrovial in the 3rd quarter worth about $1,895,000. Finally, Thrivent Financial for Lutherans boosted its stake in Ferrovial by 59.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 176,724 shares of the company’s stock worth $10,129,000 after buying an additional 65,976 shares during the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

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.