Ferrovial (NASDAQ:FER) Shares Break Above 50 Day Moving Average – Should You Sell?

Ferrovial SE (NASDAQ:FER)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $54.73 and traded as high as $57.14. Ferrovial shares last traded at $56.92, with a volume of 3,272,292 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have commented on FER shares. Bank of America restated a “buy” rating on shares of Ferrovial in a report on Monday, September 14th. Kepler Capital Markets downgraded shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. Mediobanca upgraded shares of Ferrovial to an “outperform” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft cut shares of Ferrovial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a research report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Price Performance

The company’s 50 day moving average price is $54.73 and its 200-day moving average price is $64.34. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi grew its position in Ferrovial by 39.7% during the first quarter. Amundi now owns 15,301,820 shares of the company’s stock valued at $995,383,000 after acquiring an additional 4,351,267 shares during the period. Swiss National Bank raised its holdings in shares of Ferrovial by 26.8% in the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock worth $113,643,000 after purchasing an additional 375,590 shares during the period. J. Safra Sarasin Holding AG raised its holdings in shares of Ferrovial by 1.9% in the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock worth $68,623,000 after purchasing an additional 20,101 shares during the period. ProShare Advisors LLC lifted its stake in shares of Ferrovial by 4.5% in the 3rd quarter. ProShare Advisors LLC now owns 758,817 shares of the company’s stock valued at $41,036,000 after purchasing an additional 32,683 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Ferrovial by 7.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock valued at $38,012,000 after purchasing an additional 39,694 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial’s transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.