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

Ferrovial SE (NASDAQ:FER) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 4,230,045 shares, a drop 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 volume of 1,185,620 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily 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.

Ferrovial Trading Down 5.6%

Ferrovial stock traded down $4.10 during midday trading on Tuesday, reaching $68.83. The company’s stock had a trading volume of 1,623,718 shares, compared to its average volume of 1,323,169. The stock’s 50-day simple moving average is $68.99 and its 200-day simple moving average is $63.83. Ferrovial has a 52-week low of $40.46 and a 52-week high of $74.79.

Institutional Trading of Ferrovial

Several large investors have recently bought and sold shares of FER. Altfest L J & Co. Inc. raised its holdings in shares of Ferrovial by 0.9% in the third quarter. Altfest L J & Co. Inc. now owns 18,426 shares of the company’s stock worth $1,080,000 after buying an additional 165 shares during the last quarter. AlphaCore Capital LLC increased its position in shares of Ferrovial by 3.2% in the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock valued at $411,000 after acquiring an additional 197 shares during the period. Drive Wealth Management LLC raised its stake in Ferrovial by 5.4% in the 4th quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock worth $257,000 after acquiring an additional 203 shares during the last quarter. ProShare Advisors LLC raised its stake in Ferrovial by 0.4% in the 3rd quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock worth $2,990,000 after acquiring an additional 206 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Ferrovial by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock worth $412,000 after acquiring an additional 214 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FER shares. Citigroup reissued a “buy” rating and set a $75.30 price target (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Weiss Ratings downgraded shares of Ferrovial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, February 19th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.30.

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.