Mackenzie Financial Corp Boosts Position in Ferrari N.V. $RACE

Mackenzie Financial Corp raised its stake in Ferrari N.V. (NYSE:RACE) by 44.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 376,824 shares of the company’s stock after purchasing an additional 116,815 shares during the period. Mackenzie Financial Corp’s holdings in Ferrari were worth $182,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Generali Asset Management SPA SGR increased its position in Ferrari by 28.9% in the 3rd quarter. Generali Asset Management SPA SGR now owns 55,690 shares of the company’s stock valued at $27,022,000 after acquiring an additional 12,485 shares during the period. Rheos Capital Works Inc. grew its holdings in Ferrari by 33.1% during the third quarter. Rheos Capital Works Inc. now owns 215,200 shares of the company’s stock worth $104,419,000 after acquiring an additional 53,500 shares during the period. Bank of New York Mellon Corp boosted its holdings in Ferrari by 63.7% during the third quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock worth $1,295,907,000 after buying an additional 1,039,234 shares in the last quarter. Alta Capital Management LLC acquired a new stake in shares of Ferrari in the 3rd quarter worth approximately $6,391,000. Finally, Teacher Retirement System of Texas acquired a new stake in Ferrari in the third quarter valued at $8,995,000.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Company is actively repurchasing shares as part of a multi-year ~€3.5 billion buyback program; Ferrari reported purchases under the first €250m tranche, a clear cash-return driver that supports EPS and valuation. Read More.
• Positive Sentiment: Analyst/press pieces reinforce Ferrari’s luxury, scarcity-driven pricing power—arguing the stock trades more like a collectible asset than a volume carmaker—supporting a premium multiple. Read More.
• Positive Sentiment: External praise from competitors (e.g., Lando Norris saying Ferrari’s cornering speed is “unbelievable”) highlights competitive on-track performance, which boosts brand halo and sponsorship/marketing value. Read More.
• Positive Sentiment: Ferrari published its official driver programmes for 2026 endurance racing, reinforcing motorsport commitments that support long-term brand equity. Read More.
• Neutral Sentiment: Fans reacted positively to Lewis Hamilton’s communication with Ferrari’s new race engineer—good PR but limited direct corporate/financial impact. Read More.
• Neutral Sentiment: Entertainment/enthusiast coverage (drag race video between F8 Tributo and 488 Pista) drives consumer interest, but minimal near-term effect on fundamentals. Read More.
• Neutral Sentiment: Feature pieces and owner stories (e.g., reflections on owning iconic Ferraris) help brand perception but are not material to near-term shares. Read More.
• Negative Sentiment: Race coverage criticized Ferrari’s Australian GP performance (“bottled” race; Mercedes outshone Ferrari), which creates short-term reputational and execution concerns for its F1 flagship. Read More.
• Negative Sentiment: Controversy around strategy in Australia—Ferrari publicly defended its calls (“no regrets”)—may signal management/stewardship questions that traders can punish in the short term. Read More.
• Negative Sentiment: Driver comments and punditry (Leclerc likening racing to “Mario Kart”; other critical headlines including messages from Lewis Hamilton) add noise and can feed short-term volatility. Read More.
• Negative Sentiment: Several critical/pressure pieces signal that motorsport setbacks are the main near-term risk to sentiment despite solid capital allocation and brand strength. Read More.

Ferrari Price Performance

Shares of Ferrari stock opened at $346.37 on Wednesday. The business’s fifty day moving average price is $357.59 and its 200 day moving average price is $400.17. Ferrari N.V. has a twelve month low of $328.00 and a twelve month high of $519.10. The company has a current ratio of 5.70, a quick ratio of 4.38 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $81.03 billion, a P/E ratio of 34.26, a PEG ratio of 3.38 and a beta of 0.97.

Ferrari Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 21st will be issued a dividend of $3.615 per share. This represents a dividend yield of 99.0%. The ex-dividend date is Tuesday, April 21st. This is an increase from Ferrari’s previous annual dividend of $3.13.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RACE shares. UBS Group dropped their price target on Ferrari from $563.00 to $555.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Sanford C. Bernstein reissued an “outperform” rating and set a $410.00 price target on shares of Ferrari in a research note on Wednesday, February 11th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ferrari in a research report on Wednesday, February 11th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a research note on Wednesday, February 11th. Finally, BNP Paribas Exane upgraded Ferrari to a “strong-buy” rating in a research report on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $475.61.

Ferrari Company Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.