Ferrari (NYSE:RACE) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in Ferrari (NYSE:RACEFree Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,629 shares of the company’s stock after purchasing an additional 9,010 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ferrari were worth $38,117,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. acquired a new position in Ferrari in the fourth quarter valued at $27,000. Householder Group Estate & Retirement Specialist LLC increased its stake in Ferrari by 320.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 105 shares of the company’s stock valued at $35,000 after purchasing an additional 80 shares during the period. Blue Trust Inc. increased its stake in Ferrari by 37.0% in the fourth quarter. Blue Trust Inc. now owns 111 shares of the company’s stock valued at $38,000 after purchasing an additional 30 shares during the period. Headlands Technologies LLC acquired a new position in Ferrari in the fourth quarter valued at $43,000. Finally, Hexagon Capital Partners LLC increased its stake in Ferrari by 32.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 206 shares of the company’s stock valued at $70,000 after purchasing an additional 50 shares during the period.

Ferrari Stock Performance

RACE stock opened at $408.98 on Friday. Ferrari has a 52 week low of $283.20 and a 52 week high of $442.80. The company’s 50-day moving average price is $418.53 and its 200 day moving average price is $388.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.18 and a quick ratio of 3.25.

Ferrari (NYSE:RACEGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.08. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Ferrari had a net margin of 21.42% and a return on equity of 43.94%. On average, equities analysts expect that Ferrari will post 8.2 EPS for the current fiscal year.

Ferrari Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were given a dividend of $2.443 per share. This represents a yield of 0.62%. The ex-dividend date of this dividend was Monday, April 22nd. Ferrari’s payout ratio is currently 33.46%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Ferrari from $413.00 to $448.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barclays downgraded shares of Ferrari from an “overweight” rating to an “equal weight” rating in a report on Thursday, April 4th. Evercore ISI lifted their target price on shares of Ferrari from $430.00 to $465.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. StockNews.com downgraded shares of Ferrari from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Bank of America lifted their target price on shares of Ferrari from $458.00 to $512.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $456.67.

Read Our Latest Stock Report on Ferrari

Ferrari Profile

(Free Report)

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.

See Also

Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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