Ossiam Lowers Position in Ferrari N.V. $RACE

Ossiam trimmed its position in Ferrari N.V. (NYSE:RACE) by 83.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,648 shares of the company’s stock after selling 103,135 shares during the period. Ossiam’s holdings in Ferrari were worth $9,986,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR boosted its stake in Ferrari by 28.9% during the third quarter. Generali Asset Management SPA SGR now owns 55,690 shares of the company’s stock worth $27,022,000 after acquiring an additional 12,485 shares in the last quarter. Rheos Capital Works Inc. increased its stake in shares of Ferrari by 33.1% during the third quarter. Rheos Capital Works Inc. now owns 215,200 shares of the company’s stock valued at $104,419,000 after purchasing an additional 53,500 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $1,295,907,000 after purchasing an additional 1,039,234 shares in the last quarter. Alta Capital Management LLC purchased a new position in shares of Ferrari during the third quarter valued at approximately $6,391,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Ferrari during the third quarter valued at approximately $8,995,000.

Ferrari Price Performance

Shares of RACE opened at $332.56 on Friday. The company has a market capitalization of $77.80 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97. 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 50 day moving average of $355.52 and a 200 day moving average of $398.36. Ferrari N.V. has a twelve month low of $328.00 and a twelve month high of $519.10.

Ferrari Increases Dividend

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

Analysts Set New Price Targets

RACE has been the topic of a number of analyst reports. HSBC reissued a “hold” rating on shares of Ferrari in a research report on Tuesday, January 13th. Morgan Stanley set a $420.00 price objective on Ferrari in a research report on Monday, February 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a research note on Wednesday, February 11th. The Goldman Sachs Group raised Ferrari to a “strong-buy” rating in a report on Monday, November 24th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Ferrari in a research note on Wednesday, February 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $475.61.

More Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will debut a rotating “Macarena” rear wing in China, showing aggressive aero innovation that could improve race pace if effective. Article Title
• Positive Sentiment: Multiple outlets report Ferrari experimenting with new winglets (including a halo winglet) in China — continued on-track development may provide performance upside later in the season. Article Title
• Positive Sentiment: F1 coverage includes lifestyle/brand pieces (a day in the life of a Ferrari racing driver, Leclerc features) that support Ferrari’s premium brand and fan engagement. Article Title
• Neutral Sentiment: Ferrari is sharing technical info with customer team Haas; this collaboration manages relationships but raises questions about competitive leverage. Article Title
• Neutral Sentiment: Debate continues in media and among drivers about the Ferrari vs Mercedes dynamic — mixed commentary from Hamilton and Russell frames uncertain competitive outlook. Article Title
• Negative Sentiment: High-profile criticism: Lewis Hamilton and others say Ferrari is losing significant time to Mercedes due to engine/power-unit disadvantage — a direct hit to race-winning prospects. Article Title
• Negative Sentiment: Calls from rivals and media for Ferrari to close the PU deficit increase pressure on technical and management teams; investors may worry about costly development needs or short-term underperformance. Article Title
• Negative Sentiment: Race execution questioned after Australian GP strategy reviews and comments that Ferrari’s calls “robbed” them of a better result — operational miscues can depress short-term results and sentiment. Article Title
• Negative Sentiment: Drivers and pundits accuse Ferrari of obstructing rule-change talks and failing to learn from rivals’ mistakes — governance/PR friction could weigh on brand and on-track cooperation. Article Title

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.