Ferrovial (NASDAQ:FER) Sees Unusually-High Trading Volume – What’s Next?

Shares of Ferrovial SE (NASDAQ:FER) saw an uptick in trading volume on Thursday . 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 several recent research reports. Zacks Research upgraded Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday. Jefferies Financial Group lowered shares of Ferrovial from a “buy” rating to a “hold” rating and raised their target price for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Finally, Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.30 to $70.00 in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Price Performance

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

Ferrovial (NASDAQ:FER) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $3.19 billion for the quarter. Research analysts forecast that Ferrovial SE will post 1.44 earnings per share for the current year.

Ferrovial Announces Dividend

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

Institutional Trading of Ferrovial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FER. Signaturefd LLC raised its position in shares of Ferrovial by 1,089.1% in the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock worth $35,000 after acquiring an additional 501 shares during the period. Cullen Frost Bankers Inc. boosted its position in Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock worth $38,000 after purchasing an additional 262 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Ferrovial by 118.6% during the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after purchasing an additional 364 shares in the last quarter. Blue Trust Inc. grew its holdings in Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of Ferrovial by 240.2% during the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after buying an additional 687 shares during the period. Institutional investors and hedge funds own 22.28% of the company’s stock.

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.