FER Ferrovial N.V. Ordinary Shares

XNAS 61.29 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

FER $61.29 —

What changed

Recent filings, trades and moves
Key stats
$61.29
52-Week Range
$48.00 – $74.79
YTD
-5.04%
IV Rank (30D)
62.59
Straddle Price
$5.30
P/C Vol Ratio
0.08
Market Cap
$42.2B
Open
$60.29
Day Range
$60.00 – $61.46
Volume
1,810,346
Prev Close
$58.71
Fair Value
-29.5% vs price

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)4.90%
Beta vs SPY0.78
Cost of Equity (CAPM)8.80% (VRP-adj)
WACC5.71%
Volatility Risk Premium+18.5pp (IV − HV30)
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon5 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Book / Price21.1%
Debt / Equity1.22
Quality Score0/6 — cyclical/struggling (5y DCF)
SMA 50$54.26 (Market Anchor value)
SMA 20 / Bollinger Mid$53.00
Bollinger Width / SMA2028.5% (drives anchor stability)
Net Debt$11.0B
Market Cap$43B
Peers used for multiples: AEP, BBVA, CSX, HON, SAN, UNP, XEL (filtered from 8 ETF-co-members; sector bias active)
Blended Fair Value
$43.20
Deviation
-29.5%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) $26.11 0%
Peer P/E n/a 0% median 22.0× · 5 peers
Peer EV/EBITDA n/a 0% median 14.7× · 5 peers
Peer P/B $37.80 67% median 3.0× · 5 peers
Peer P/S n/a 0% median 3.5× · 5 peers
Market Anchor (SMA50) $54.26 33% stability 7% (BB-width)
Options Expected (B-L 30d) $58.65 0% 8 strikes · skew -0.62
As of 2026-11-09 · updated
About
Industry (SIC)
HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS (1600) · industry map
Exchange
XNAS
Market Cap
$42.2B
Employees
22,609
List Date
2004-11-17
CIK
0001468522
Homepage
https://www.ferrovial.com

Ferrovial is a global transportation infrastructure investor, developer, and operator with a strong presence in North American toll roads. In recent years, it has shifted its portfolio toward North America and India and lowered its exposure to Europe, including selling its stake in Heathrow Airport. The jewels in its crown include its stake in the 99-year lease to operate the 407 Express Toll Route in Toronto and its concession to develop and operate New Terminal One at JFK until 2060.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'24'25'26Avg
Jan--2.85%5.33%4.09%
Feb--6.98%8.93%7.96%
Mar--1.06%-10.80%-4.87%
Apr--9.70%2.82%6.26%
May1.24%4.29%-1.41%1.37%
Jun-3.74%2.84%3.03%0.71%
Jul2.10%-4.27%-2.97%-1.71%
Aug8.40%7.13%-11.40%1.38%
Sep4.93%9.23%-6.24%2.64%
Oct-6.34%5.49%4.44%1.20%
Nov2.50%5.43%7.30%*5.08%
Dec1.06%-0.31%--0.38%
Total9.80%62.49%-3.45%22.95%
* Only 3 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $53.54
SMA 50: $54.31
SMA 200: $64.03
Current: $61.31
EMA 12: $56.79
EMA 26: $55.06
MACD: 1.7241 | Signal: 1.1180
BULLISH
ADX (14): 37.02
TREND
+DI: 40.18
−DI: 21.35

Momentum Oscillators

RSI (14): 73.78
OVERBOUGHT
Stoch %K: 95.82
Stoch %D: 94.91
Williams %R: -1.17

Volume & Volatility

BB Upper: $61.81
BB Lower: $45.27
NEUTRAL
OBV: -71,600,537
Vol SMA 20: 2,792,460
Vol ROC: -2.62%
ATR: $1.63
True Range: $2.75
HV 20: 38.0%
HV 30: 36.5%
HV 60: 31.2%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis

FERROVIAL (FER) - COMPREHENSIVE STOCK ANALYSIS REPORT

Executive Summary

Overall Assessment: BEARISH | Confidence Level: 7/10

Ferrovial is caught in a technical downtrend with deteriorating momentum, despite a fundamentally positive news backdrop. The stock is trading 24% below its 200-day moving average ($49.45 vs $64.70), with strong bearish technical signals (ADX 49.73 indicating a strong downtrend, -DI of 39.55 vs +DI of 13.56). However, recent operational results remain solid (H1 2025 net profit +30% YoY, consistent dividend announcements), creating a fundamental-technical disconnect. This suggests the recent selloff may be sector-driven or part of a broader market rotation rather than company-specific deterioration.

Investment Thesis: FER presents a potential mean-reversion opportunity for contrarian investors, but near-term price momentum remains negative. The strong downtrend (ADX 49.73) must show signs of exhaustion before considering reversal plays. Current technical setup suggests further weakness is possible before stabilization.

Recent News Sentiment Impact: Mixed-to-positive news headlines (+3 positive, +2 neutral out of last 6 articles reviewed) have failed to arrest the downtrend, indicating sentiment is being overridden by macro factors or sector rotation. The Nasdaq-100 index inclusion announcement (Dec 13, 2025) is the most recent bullish catalyst but has not yet translated into price recovery.

Technical Analysis

Trend Direction

SHORT-TERM (1-4 weeks): STRONGLY BEARISH

  • Price $49.45 trading below all major moving averages (SMA20: $51.42, SMA50: $55.83)
  • EMA12 ($50.25) above price but trending downward
  • MACD deeply negative at -1.92 with bearish histogram (-2.05)
  • Stochastic indicators in oversold territory (%K: 30.11, %D: 25.36) but declining

MEDIUM-TERM (1-3 months): BEARISH

  • Price 11.8% below SMA50 ($55.83)
  • Clear breakdown structure with lower highs/lower lows pattern
  • ADX 49.73 indicates strong downtrend regime in place
  • -DI (39.55) significantly exceeding +DI (13.56), confirming bearish directional control

LONG-TERM (3-12 months): BEARISH

  • Price 23.7% below SMA200 ($64.70)
  • Suggests either a structural decline in valuation or broader sector/market headwinds
  • Distance from 200-day MA indicates potential deeper retracement or capitulation phase

Support/Resistance Levels

| Level | Type | Price | Distance | Significance | |-------|------|-------|----------|--------------| | Bollinger Lower Band | Support | $47.05 | -4.9% | Technical support; breach would signal weakness | | SMA20 | Resistance | $51.42 | +4.0% | Short-term moving average; acted as resistance on recent rallies | | SMA50 | Resistance | $55.83 | +12.9% | Intermediate resistance; major hurdle to confirm uptrend | | SMA200 | Major Resistance | $64.70 | +30.8% | Long-term equilibrium; significant recovery needed to reach |

Critical Support Validation: The Bollinger lower band ($47.05) is only 4.9% below current price. If this breaks decisively, target next support around $44-45 (approximately 9% downside from current levels).

Momentum Signals

RSI (14): 30.85 — OVERSOLD BUT NOT EXTREME

  • Reading at 30.85 is just above the oversold threshold of 30
  • Indicates potential for mean-reversion bounce, but not yet in panic-selling territory
  • RSI has room to decline further before indicating capitulation (extreme oversold <20)
  • Interpretation: Market has priced in weakness, but not maximum pessimism

MACD: BEARISH CROSSOVER ACTIVE

  • MACD line (-1.92) trading significantly below signal line (+0.13)
  • Histogram deeply negative (-2.05) and widening
  • No indication of positive divergence or crossover initiation
  • Interpretation: Bearish momentum remains intact; no reversal signal yet forming

Bollinger Bands: NEUTRAL POSITIONING

  • Price $49.45 positioned between middle band ($51.42) and lower band ($47.05)
  • Not touching either extreme; band width 17.03 suggests normal volatility (not squeeze)
  • Interpretation: No overbought/oversold extremes via Bollinger lens; consolidation zone rather than breakout setup

Stochastic Oscillators: OVERSOLD CONFIRMATION

  • %K (30.11) and %D (25.36) both in oversold territory (<30)
  • %K has crossed below %D, confirming downward momentum
  • Interpretation: Matches RSI and reinforces oversold conditions; potential bounce setup if momentum stalls

Volume Analysis

CRITICAL CONCERN: Extreme Volume Deterioration

  • Volume Rate of Change: -77.94% (exceptional decline)
  • 20-day Volume SMA: 2,276,577 shares
  • Current volume running 77.94% below the 20-day average
  • Interpretation: This is NOT typical oversold volume (which shows high selling volume); instead, this is LOW VOLUME decline, suggesting either:
    1. Illiquidity during selloff (potentially dangerous for liquidation)
    2. Institutional withdrawal with minimal panic selling
    3. Holiday/year-end volume drying up (given Dec 2025 dates)

On-Balance Volume: SEVERE NEGATIVE DIVERGENCE

  • OBV: -85,603,771.79 (deeply negative)
  • Indicates sustained accumulation of selling volume over time
  • No positive OBV divergence emerging despite RSI oversold conditions
  • Interpretation: Selling pressure has been relentless; lack of OBV recovery is a red flag for reversal timing

Institutional Interest Signals: Low volume suggests institutional traders may have already reduced positions ahead of the decline. The current volume drought indicates few large players are adding on weakness.

News & Sentiment Analysis

Recent Headlines Summary

| # | Headline | Date | Sentiment | Relevance | |---|----------|------|-----------|-----------| | 1 | Annual Changes to Nasdaq-100 Index | 2025-12-13 | POSITIVE | Index inclusion could drive passive inflows; most recent catalyst | | 2 | Dividend per share announcement | 2025-12-03 | NEUTRAL | Capital return; no surprise element | | 3 | Strong H1 2025 results (9-month update) | 2025-10-29 | POSITIVE | Operational performance solid; revenue/earnings momentum positive | | 4 | Second 2025 interim scrip dividend | 2025-10-15 | NEUTRAL | Shareholder return; indicates confidence in cash generation | | 5 | Vertical Aerospace leadership presentation | 2025-09-23 | POSITIVE | Affiliate/portfolio company news; may indicate strong strategic positioning | | 6 | Strong H1 2025 results (30% net profit jump) | 2025-07-29 | POSITIVE | Earnings beat; €540M net profit demonstrates operational strength |

Sentiment Assessment

Aggregate News Sentiment: POSITIVE (60% positive, 40% neutral, 0% negative)

  • 4 positive headlines highlighting operational performance, index inclusion, and strategic positioning
  • 2 neutral headlines announcing dividend actions (shareholder-friendly but routine)
  • 0 negative headlines in the recent 6-article window

Key Observation: The complete absence of negative news directly contradicts the 24% decline from the 200-day moving average. This fundamental-technical disconnect suggests:

  • The selloff is macro/sector-driven rather than company-specific
  • Market may be pricing in cautious outlook despite solid execution
  • Potential over-reaction relative to actual news flow

Catalyst Identification

IMMEDIATE CATALYSTS (1-7 days):

  • Nasdaq-100 Index Inclusion (announced Dec 13, 2025): Could drive passive index fund buying; typically supports underlying stock; however, stock has not yet rallied on this news, suggesting market may have other
Generated
News
All FER news →

FER Options Activity & IV Rank

FER IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 33.0%
7-DTE IV: 37.0%
Expected Move: $5.30
7-DTE Move: $3.42
Days to Exp: 39 (2026-12-18)

Options Flow · All expiries

Call Volume: 1,429
Put Volume: 113
P/C Volume: 0.079
BULLISH
Call OI: 3,671
Put OI: 819
P/C OI: 0.223
Total OI: 4,490

ATM Options Pricing

ATM Call: $3.25
ATM Put: $2.05
Call %: 5.3%
Put %: 3.3%

Chain Summary

Chain Volume: 1,542
Chain OI: 4,490
Last Updated: 11/9/2026
Spread Scanner
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 93rd percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
93%
vs own history
GEX tilt
+0.73
OI-weighted, today
Vanna tilt
-0.84
δ-sensitivity to IV
Charm tilt
+0.88
δ-decay vs time
Vanna tilt -0.84: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.88: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 8 ATM contracts, 1k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d —
— pts EXTREME
No data

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)34.2MediumNov 9
IV Rank (30 DTE)62.6MediumNov 9
Straddle Price (30 DTE)$5.30Nov 9
Beta Analysis

Risk Metrics

Beta: 0.9416
Alpha: -11.29%
Correlation: 0.4733
R-Squared: 22.4%
Stock Volatility: 27.4%
Market Volatility: 13.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
Notable investors who own FER
4 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Citadel Hedge fund
Ken Griffin
$21.2M
0.01%
#1109 of 6285+849.1%13F
Millennium Management Hedge fund
Izzy Englander
$8.7M
0.01%
#1672 of 3716-4.4%13F
Rockefeller Capital Management Family office
Rockefeller family
$213K
0.00%
#2574 of 4729-17.7%13F
Point72 Hedge fund
Steve Cohen
$201K
0.00%
#1783 of 1945new13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

FER Institutional Ownership (13F)

Filings for 2026-06-30 · 122 already for 2026-09-30
Diluted shares outstanding: 718,716,000 (as of 2025-12-31)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

339 filers240,262,499 shares$15.66B value33.43% of float
# Filer Shares Value % of Total % of Float Period
1 TCI Fund Management Ltd 20,940,441 $1.43B 9.16% 2.91% 2026-06-30
2 Invesco Ltd. Custodian 19,812,716 $1.36B 8.68% 2.76% 2026-06-30
3 LAZARD ASSET MANAGEMENT LLC 14,820,723 $1.02B 6.49% 2.06% 2026-06-30
4 Vanguard Capital Management LLC 13,649,890 $935.58M 5.98% 1.90% 2026-06-30
5 Amundi Custodian 14,370,436 $777.44M 4.97% 2.00% 2026-09-30
6 UBS Group AG Custodian 10,902,290 $748.01M 4.78% 1.52% 2026-06-30
7 Banco Santander, S.A. 9,814,016 $673.34M 4.30% 1.37% 2026-06-30
8 Norges Bank 9,191,762 $629.72M 4.02% 1.28% 2026-06-30
9 Bank of America Corp Custodian 8,127,586 $557.63M 3.56% 1.13% 2026-06-30
10 Barclays PLC Custodian 9,901,429 $535.67M 3.42% 1.38% 2026-09-30
11 FMR LLC Custodian 7,540,795 $516.79M 3.30% 1.05% 2026-06-30
12 Citigroup Inc. Custodian 8,037,530 $433.74M 2.77% 1.12% 2026-09-30
13 Legal & General Group Plc Custodian 5,776,918 $396.15M 2.53% 0.80% 2026-06-30
14 Deutsche Bank AG Custodian 5,864,940 $317.29M 2.03% 0.82% 2026-09-30
15 Goldman Sachs Group Inc Custodian 4,576,565 $314.00M 2.01% 0.64% 2026-06-30
16 FIL Ltd 4,415,974 $302.64M 1.93% 0.61% 2026-06-30
17 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 4,149,535 $283.62M 1.81% 0.58% 2026-06-30
18 Vanguard Fiduciary Trust Co 4,014,657 $275.17M 1.76% 0.56% 2026-06-30
19 JPMorgan Chase & Co Custodian 3,168,387 $216.69M 1.38% 0.44% 2026-06-30
20 Clearbridge Investments, LLC 2,469,390 $169.42M 1.08% 0.34% 2026-06-30
21 CREDIT AGRICOLE S A 2,417,368 $165.86M 1.06% 0.34% 2026-06-30
22 DekaBank Deutsche Girozentrale 2,893,714 $162.44M 1.04% 0.40% 2026-09-30
23 ANTIPODES PARTNERS Ltd 2,882,105 $155.53M 0.99% 0.40% 2026-09-30
24 VANGUARD ASSET MANAGEMENT, Ltd 2,268,338 $155.47M 0.99% 0.32% 2026-06-30
25 Bank of Italy 2,268,908 $155.06M 0.99% 0.32% 2026-06-30
6 filers$21.49M notional
# Filer Notional Value % of Total Period
1 Millennium Management LLC Custodian $13.78M 64.11% 2026-06-30
2 SIH Partners, LLLP $3.07M 14.27% 2026-06-30
3 Susquehanna International Group, LLP Custodian $1.34M 6.23% 2026-06-30
4 Jane Street Group, LLC Custodian $1.23M 5.75% 2026-06-30
5 Citadel Advisors LLC Custodian $1.14M 5.30% 2026-06-30
6 Twin Tree Management, LP $933.10K 4.34% 2026-06-30
4 filers$23.02M notional
# Filer Notional Value % of Total Period
1 SIH Partners, LLLP $18.02M 78.30% 2026-06-30
2 Susquehanna International Group, LLP Custodian $3.92M 17.02% 2026-06-30
3 Citadel Advisors LLC Custodian $775.29K 3.37% 2026-06-30
4 Jane Street Group, LLC Custodian $301.88K 1.31% 2026-06-30

FER Proposed Insider Sales (Form 144)

Latest: 2026-06-04
Last 30d: 0 filings  ·  Last 90d: 0 filings

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-06-04 Maria del Pino Calvo-Sotelo Director 860,000 $57.16M 2026-06-04 Goldman Sachs & Co. LLC — EDGAR
2025-09-08 Maria del Pino Calvo-Sotelo Director 3,400,353 $190.56M 2025-09-08 Goldman Sachs & Co. LLC — EDGAR
2025-05-27 Maria del Pino Calvo-Sotelo Director 6,000,000 $313.08M 2025-05-27 Goldman Sachs & Co. LLC — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
76 ETFs hold FER
25 shown · $2.64B total exposure · 0.13% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 QQQ Invesco QQQ Trust, Series 1 Invesco 0.21% $903.1M — 2026-11-05
2 VXUS Vanguard Total International Stock ETF Vanguard 0.06% $386.9M — 2026-09-30
3 VEA Vanguard FTSE Developed Markets ETF Vanguard 0.08% $253.9M — 2026-09-30
4 IEFA iShares Core MSCI EAFE ETF iShares (BlackRock) 0.12% $221.2M $187.1B 2026-11-06
5 QQQM Invesco NASDAQ 100 ETF Invesco 0.21% $207.9M — 2026-11-05
6 EFA iShares MSCI EAFE ETF iShares (BlackRock) 0.13% $98.7M $75.5B 2026-11-06
7 EWP iShares MSCI Spain ETF iShares (BlackRock) 4.29% $85.7M $2.0B 2026-11-06
8 VGK Vanguard FTSE Europe ETF Vanguard 0.17% $63.0M — 2026-09-30
9 VEU Vanguard FTSE All-World Ex-US ETF Vanguard 0.06% $62.3M — 2026-09-30
10 IXUS iShares Core MSCI Total International Stock ETF iShares (BlackRock) 0.07% $40.4M $56.4B 2026-11-06
11 EFG iShares MSCI EAFE Growth ETF iShares (BlackRock) 0.27% $40.1M $14.8B 2026-11-06
12 SPDW State Street® SPDR® Portfolio Developed World ex-US ETF SPDR (State Street) 0.09% $35.9M $41.0B 2026-11-05
13 EZU iShares MSCI Eurozone ETF iShares (BlackRock) 0.38% $35.3M $9.1B 2026-11-06
14 IDEV iShares Core MSCI International Developed Markets ETF iShares (BlackRock) 0.10% $33.9M $33.4B 2026-11-06
15 TQQQ ProShares UltraPro QQQ ProShares 0.11% $32.6M — 2026-11-06
16 VT Vanguard Total World Stock ETF Vanguard 0.02% $22.0M — 2026-09-30
17 IEUR iShares Core MSCI Europe ETF iShares (BlackRock) 0.19% $17.9M $9.6B 2026-11-06
18 QLD ProShares Ultra QQQ ProShares 0.15% $17.3M — 2026-11-06
19 QYLD Global X Nasdaq 100 Covered Call ETF Global X 0.20% $15.9M — 2026-11-06
20 QQQE Direxion Shares ETF Trust Direxion NASDAQ-100 Equal Weighted Index ETF Direxion 1.10% $15.1M — 2026-11-06
21 ACWX iShares MSCI ACWI ex U.S. ETF iShares (BlackRock) 0.08% $14.7M $17.5B 2026-11-06
22 ONEQ Fidelity Nasdaq Composite Index ETF Fidelity 0.10% $10.3M $10.0B 2026-11-05
23 ACWI iShares MSCI ACWI ETF iShares (BlackRock) 0.03% $9.4M $31.5B 2026-11-06
24 PIZ Invesco Dorsey Wright Developed Markets Momentum ETF Nport 0.99% $7.1M — 2026-07-31
25 IMTM iShares MSCI Intl Momentum Factor ETF iShares (BlackRock) 0.18% $7.0M $4.0B 2026-11-06
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (2 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q4 '252025-12-31————
Q4 '242024-12-31————
Q4 2025 • period ending 2025-12-31 • filed 2026-02-25

FER vs Peers

Related companies, largest first
Company Market cap P/E Revenue growth YTD IV rank
UNP Union Pacific Corp. $172.4B 23.1 +7.4% +27.8% 30
SAN Banco Santander S.A. $169.3B — — +2.6% 61
BBVA Banco Bilbao Vizcaya Argentaria, S.A. $137.8B — — +9.4% 85
CSX CSX Corporation $91.0B 26.0 +5.8% +38.4% 42
HON Honeywell International, Inc. $69.7B 10.2 +4.2% −41.7% 24
AEP American Electric Power Company, Inc. $68.9B 19.2 +10.9% +10.7% 37
XEL Xcel Energy, Inc. $51.1B 18.7 +4.5% +7.7% 29
FER Ferrovial N.V. Ordinary Shares $42.2B — — −5.0% 63
IBE IBE — — — — —
Peer median $91.0B 19.2 +5.8% +9.4% 37

P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.

Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
4.98M
SI % of Float
0.98%
Days to Cover
1.91
Short Vol Ratio
75.0%
Free Float
509.45M
Float %
69.8%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-03-27