North Star Asset Management Inc. Invests $1.32 Million in Ferrari N.V. $RACE

North Star Asset Management Inc. bought a new position in Ferrari N.V. (NYSE:RACE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,540 shares of the company’s stock, valued at approximately $1,318,000.

Other hedge funds have also added to or reduced their stakes in the company. Amundi boosted its position in shares of Ferrari by 11.1% in the fourth quarter. Amundi now owns 3,303,264 shares of the company’s stock valued at $1,220,754,000 after acquiring an additional 330,896 shares during the period. Bank of New York Mellon Corp boosted its holdings in Ferrari by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,808,855 shares of the company’s stock valued at $950,657,000 after purchasing an additional 218,830 shares during the period. Morgan Stanley grew its position in shares of Ferrari by 43.4% during the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock valued at $941,109,000 after purchasing an additional 771,039 shares in the last quarter. Norges Bank purchased a new position in shares of Ferrari during the 4th quarter valued at $779,894,000. Finally, Deutsche Bank AG bought a new stake in Ferrari during the second quarter valued at $413,209,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on RACE shares. Evercore reiterated an “outperform” rating and set a $485.00 price target on shares of Ferrari in a research report on Friday, July 31st. Wolfe Research started coverage on shares of Ferrari in a research note on Tuesday, July 7th. They issued an “outperform” rating on the stock. Morgan Stanley reiterated an “overweight” rating and set a $442.00 target price on shares of Ferrari in a research report on Friday, July 31st. UBS Group decreased their price target on shares of Ferrari from $497.00 to $490.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Needham & Company LLC upgraded shares of Ferrari to a “neutral” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $477.15.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari is reportedly preparing to introduce its upgraded ADUO F1 power unit at the Italian Grand Prix in Monza. A successful upgrade could improve Ferrari’s competitiveness, generate valuable publicity and support the brand’s marketing platform. Ferrari makes crucial upgraded F1 engine decision for Italian GP Ferrari ready to fire up ADUO engine upgrade at Monza
• Positive Sentiment: Ferrari unveiled special Michael Schumacher-inspired race suits and a commemorative livery for its home race at Monza, with Lewis Hamilton expected to participate in the tribute. The initiative reinforces Ferrari’s heritage and fan engagement, potentially supporting its premium-brand appeal and merchandise exposure. Ferrari unveils Michael Schumacher race suits for F1 Italian GP
• Positive Sentiment: An American billionaire reportedly paid $40 million for Ferrari’s first Luce electric vehicle, far above its estimated $1.1 million presale price. Although the tax savings benefit the buyer rather than Ferrari directly, the transaction highlights exceptional pricing power, exclusivity and demand for Ferrari’s limited-production vehicles. American billionaire bought the first Ferrari Luce
• Neutral Sentiment: Ferrari’s Formula 1 leadership identified performance goals after reportedly strong pace at Zandvoort, while a new active-bodywork patent points to possible future hypercar innovation. These developments support the long-term brand narrative but have no confirmed near-term financial impact. Ferrari’s New Active Bodywork Patent
• Negative Sentiment: A high-value Ferrari race car was reportedly involved in a track-day crash. The incident appears isolated and is unlikely to materially affect Ferrari N.V.’s earnings, though it creates limited negative publicity.

Ferrari Price Performance

Shares of Ferrari stock opened at $420.86 on Friday. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $98.46 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 3.56 and a beta of 0.91. The business’s 50-day moving average price is $390.23 and its 200-day moving average price is $363.15. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $504.49.

Ferrari (NYSE:RACE) last released its earnings results on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.16. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.14 billion. Ferrari had a return on equity of 42.83% and a net margin of 22.29%.Ferrari’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.38 EPS. Sell-side analysts forecast that Ferrari N.V. will post 11.18 EPS for the current fiscal year.

Ferrari 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.