Acadian Asset Management LLC Has $4.86 Million Stake in Ferrari N.V. $RACE

Acadian Asset Management LLC lifted its stake in shares of Ferrari N.V. (NYSE:RACE) by 151.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,488 shares of the company’s stock after purchasing an additional 6,928 shares during the period. Acadian Asset Management LLC’s holdings in Ferrari were worth $4,862,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RACE. Sound View Wealth Advisors Group LLC increased its position in shares of Ferrari by 1.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 2,198 shares of the company’s stock worth $940,000 after acquiring an additional 21 shares in the last quarter. Garde Capital Inc. increased its position in shares of Ferrari by 5.0% during the fourth quarter. Garde Capital Inc. now owns 525 shares of the company’s stock worth $223,000 after acquiring an additional 25 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of Ferrari by 3.9% during the first quarter. Rehmann Capital Advisory Group now owns 697 shares of the company’s stock worth $299,000 after acquiring an additional 26 shares in the last quarter. Aviso Financial Inc. increased its position in shares of Ferrari by 1.1% during the first quarter. Aviso Financial Inc. now owns 2,835 shares of the company’s stock worth $1,213,000 after acquiring an additional 30 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its position in shares of Ferrari by 42.9% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 100 shares of the company’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter.

Analysts Set New Price Targets

RACE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Zacks Research downgraded shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 29th. Citigroup reissued a “sell” rating on shares of Ferrari in a research report on Monday, August 11th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. Finally, UBS Group raised their target price on shares of Ferrari from $540.00 to $570.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ferrari presently has a consensus rating of “Moderate Buy” and an average target price of $531.67.

Ferrari Stock Performance

Shares of RACE stock opened at $477.89 on Friday. The stock has a market cap of $115.83 billion, a P/E ratio of 49.32, a P/E/G ratio of 5.46 and a beta of 1.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.09 and a quick ratio of 3.94. The company has a fifty day moving average price of $478.37 and a two-hundred day moving average price of $466.10. Ferrari N.V. has a one year low of $391.54 and a one year high of $519.10.

Ferrari (NYSE:RACE) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.13. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 earnings per share. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, equities analysts predict that Ferrari N.V. will post 9.22 EPS for the current year.

Ferrari Profile

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.