Ferrovial (NASDAQ:FER) Sees Unusually-High Trading Volume After Dividend Announcement

Ferrovial SE (NASDAQ:FER) saw an uptick in trading volume on Friday following a dividend announcement from the company. 47,138 shares changed hands during mid-day trading, an increase of 66% from the previous session’s volume of 28,465 shares.The stock last traded at $43.36 and had previously closed at $42.80.

The newly announced dividend which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0366 per share. The ex-dividend date of this dividend is Monday, December 16th.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a research report on Tuesday, November 12th. Bank of America raised shares of Ferrovial from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd.

Ferrovial Stock Up 0.3 %

The company has a 50 day moving average price of $40.67 and a 200 day moving average price of $40.72.

Institutional Trading of Ferrovial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board purchased a new position in Ferrovial during the second quarter worth about $19,051,000. M&G Plc purchased a new position in shares of Ferrovial during the 2nd quarter worth approximately $43,583,000. Partners Group Holding AG acquired a new stake in Ferrovial in the 3rd quarter valued at approximately $36,538,000. Ausbil Investment Management Ltd purchased a new stake in Ferrovial in the third quarter valued at approximately $9,262,000. Finally, Exane Asset Management purchased a new stake in Ferrovial in the second quarter valued at approximately $20,938,000.

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.