Ransom Advisory Ltd Takes Position in Ferrari N.V. $RACE

Ransom Advisory Ltd purchased a new position in shares of Ferrari N.V. (NYSE:RACEFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,575 shares of the company’s stock, valued at approximately $582,000.

Other large investors have also made changes to their positions in the company. Benjamin Edwards Inc. raised its position in Ferrari by 3.7% during the second quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock valued at $299,000 after purchasing an additional 22 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Ferrari by 2.2% during the second quarter. Valeo Financial Advisors LLC now owns 1,086 shares of the company’s stock worth $532,000 after purchasing an additional 23 shares during the last quarter. Certuity LLC boosted its holdings in shares of Ferrari by 4.5% in the 2nd quarter. Certuity LLC now owns 582 shares of the company’s stock valued at $285,000 after purchasing an additional 25 shares in the last quarter. Wealth Alliance LLC boosted its holdings in shares of Ferrari by 2.0% in the 3rd quarter. Wealth Alliance LLC now owns 1,251 shares of the company’s stock valued at $607,000 after purchasing an additional 25 shares in the last quarter. Finally, Pacific Sun Financial Corp increased its stake in shares of Ferrari by 2.5% in the 3rd quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company’s stock valued at $489,000 after purchasing an additional 25 shares during the last quarter.

Trending Headlines about Ferrari

Here are the key news stories impacting Ferrari this week:

Ferrari Trading Down 2.8%

Shares of RACE stock opened at $321.11 on Friday. Ferrari N.V. has a twelve month low of $314.16 and a twelve month high of $519.10. The stock’s fifty day simple moving average is $352.21 and its 200 day simple moving average is $394.38. The company has a quick ratio of 4.38, a current ratio of 5.70 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $75.12 billion, a P/E ratio of 31.76, a P/E/G ratio of 3.23 and a beta of 0.97.

Ferrari Increases Dividend

The company also recently declared 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%. This is an increase from Ferrari’s previous annual dividend of $3.13. The ex-dividend date is Tuesday, April 21st.

Analysts Set New Price Targets

Several brokerages recently weighed in on RACE. Royal Bank Of Canada restated an “outperform” rating on shares of Ferrari in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrari in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. BNP Paribas Exane raised shares of Ferrari to a “strong-buy” rating in a report on Thursday, December 11th. Finally, HSBC reaffirmed a “hold” rating on shares of Ferrari in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Ferrari currently has a consensus rating of “Moderate Buy” and a consensus price target of $475.61.

View Our Latest Research Report on Ferrari

Ferrari Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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