Ferrovial SE (NASDAQ:FER) Short Interest Update

by · The Markets Daily

Ferrovial SE (NASDAQ:FERGet Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,442,534 shares, a growth of 108.4% from the November 30th total of 1,171,829 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 1,356,687 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 1,356,687 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Ferrovial

Several hedge funds and other institutional investors have recently made changes to their positions in FER. EverSource Wealth Advisors LLC increased its holdings in Ferrovial by 118.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Ferrovial by 240.2% in the third 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. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ferrovial in the third quarter valued at about $66,000. Credit Industriel ET Commercial purchased a new stake in shares of Ferrovial during the 3rd quarter valued at about $72,000. Finally, AlphaCore Capital LLC acquired a new position in Ferrovial during the 2nd quarter worth approximately $83,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Stock Performance

Shares of NASDAQ FER traded up $0.23 during midday trading on Friday, hitting $65.22. The stock had a trading volume of 1,190,601 shares, compared to its average volume of 4,563,421. Ferrovial has a 1-year low of $40.07 and a 1-year high of $68.09. The company has a fifty day moving average price of $64.67 and a 200 day moving average price of $58.31.

Ferrovial Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were paid a dividend of $0.077 per share. The ex-dividend date was Friday, December 5th.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Citigroup reissued a “buy” rating and set a $75.30 price objective (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Finally, Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ferrovial currently has an average rating of “Moderate Buy” and a consensus price target of $75.30.

Check Out Our Latest Research Report on FER

About Ferrovial

(Get Free Report)

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.

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