Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – Still a Buy?

Ferrovial SE (NASDAQ:FER) saw strong trading volume on Tuesday . 70,023 shares changed hands during trading, an increase of 46% from the previous session’s volume of 47,828 shares.The stock last traded at $45.09 and had previously closed at $44.92.

Ferrovial Stock Performance

The stock’s 50 day moving average price is $44.15 and its two-hundred day moving average price is $42.37.

Hedge Funds Weigh In On Ferrovial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FER. BNP Paribas Financial Markets acquired a new position in shares of Ferrovial during the 4th quarter valued at about $25,000. Charles Schwab Investment Management Inc. grew its stake in shares of Ferrovial by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company’s stock valued at $946,000 after buying an additional 738 shares in the last quarter. Wellington Management Group LLP lifted its position in Ferrovial by 2.5% during the 4th quarter. Wellington Management Group LLP now owns 33,774 shares of the company’s stock worth $1,420,000 after acquiring an additional 813 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ferrovial by 24.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company’s stock valued at $225,000 after purchasing an additional 1,073 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Ferrovial in the 4th quarter valued at about $101,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

About Ferrovial

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.