Ferrovial SE (NASDAQ:FER) is a prominent infrastructure company known for its global operations and commitment to sustainability. The company is listed on multiple exchanges, including Euronext Amsterdam and the Spanish Stock Exchanges, and is part of Spain's IBEX 35 index. Ferrovial employs over 25,000 people across more than 15 countries, showcasing its extensive reach and influence in the infrastructure sector. Recently, Ferrovial announced the termination of its existing share repurchase program, which began on June 2, 2025.

The company plans to disclose the final details of this program, including the total number of shares acquired and the total investment made. In its place, Ferrovial is launching a new share repurchase program, authorized by the company's general meeting on April 24, 2025. This new initiative aims to support future projects aligned with Ferrovial's strategic objectives.

The new repurchase program has a maximum investment limit of €800 million and will not exceed the acquisition of 15 million shares, representing approximately 2.04% of Ferrovial's issued share capital. The program will adhere to specific price and volume conditions, ensuring that shares are not purchased at a price exceeding the higher of the last independent trade or the highest current independent purchase bid. Additionally, Ferrovial will not purchase more than 25% of the average daily volume of its shares on any trading day.

The program is set to run from December 15, 2025, to October 15, 2026, with the possibility of extension based on prevailing circumstances. Goldman Sachs has been engaged to execute the purchases independently on behalf of Ferrovial. Any amendments or transactions under the new program will be disclosed to the relevant market authorities and published on Ferrovial's website.

Despite these strategic moves, Ferrovial faced a downgrade from Bernstein to a "Market Perform" rating on December 10, 2025, as highlighted by TheFly. At the time of the downgrade, the stock price was $66.45. Currently, FER is priced at $66.76, reflecting a slight increase of 0.01% or $0.01. The stock has fluctuated between a low of $65.85 and a high of $67.54 today, with the latter marking its highest price over the past year. Ferrovial's market capitalization stands at approximately $48.14 billion, with a trading volume of 1,116,255 shares.