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

Ferrovial SE (NASDAQ:FER) shares saw unusually-high trading volume on Tuesday . Approximately 50,030 shares changed hands during mid-day trading, an increase of 56% from the previous session’s volume of 32,104 shares.The stock last traded at $43.71 and had previously closed at $41.95.

Wall Street Analyst Weigh In

FER has been the topic of a number of recent research reports. Bank of America upgraded Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised Ferrovial to a “hold” rating in a research report on Tuesday, November 12th.

Ferrovial Trading Up 3.7 %

The business has a fifty day moving average of $40.87 and a 200 day moving average of $40.90.

Ferrovial Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be issued a $0.0366 dividend. The ex-dividend date is Monday, December 16th.

Institutional Trading of Ferrovial

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in Ferrovial in the second quarter valued at approximately $48,282,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Ferrovial in the 2nd quarter worth approximately $11,119,000. Crossmark Global Holdings Inc. bought a new position in shares of Ferrovial in the second quarter valued at approximately $1,291,000. Maryland State Retirement & Pension System bought a new stake in Ferrovial during the second quarter worth $23,691,000. Finally, TD Asset Management Inc purchased a new stake in shares of Ferrovial during the 2nd quarter valued at $5,436,000. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.