Ferrovial (NASDAQ:FER) Sets New 52-Week High – Here’s Why

Shares of Ferrovial SE (NASDAQ:FER) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $56.43 and last traded at $45.66, with a volume of 8670 shares changing hands. The stock had previously closed at $45.95.

Ferrovial Stock Up 2.7 %

The stock has a 50 day moving average price of $44.39 and a 200 day moving average price of $42.53.

Institutional Investors Weigh In On Ferrovial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Investment Management LLC bought a new stake in shares of Ferrovial in the 1st quarter worth approximately $886,000. Assenagon Asset Management S.A. grew its position in Ferrovial by 3.6% in the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company’s stock worth $1,339,000 after buying an additional 1,059 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Ferrovial by 7,984.7% in the first quarter. Versant Capital Management Inc now owns 6,872 shares of the company’s stock valued at $306,000 after buying an additional 6,787 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Ferrovial by 2.5% during the 4th quarter. Wellington Management Group LLP now owns 33,774 shares of the company’s stock valued at $1,420,000 after acquiring an additional 813 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Ferrovial during the 4th quarter worth $6,738,000. 22.28% of the stock is currently owned by institutional investors.

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.