Baltimore Washington Financial Advisors Inc. Buys 1,557 Shares of Ferrari N.V. $RACE

Baltimore Washington Financial Advisors Inc. grew its stake in Ferrari N.V. (NYSE:RACEFree Report) by 10.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,854 shares of the company’s stock after acquiring an additional 1,557 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Ferrari were worth $7,693,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RACE. AQR Capital Management LLC increased its holdings in shares of Ferrari by 78.9% during the first quarter. AQR Capital Management LLC now owns 3,568 shares of the company’s stock valued at $1,527,000 after acquiring an additional 1,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ferrari by 31.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company’s stock valued at $82,000 after purchasing an additional 46 shares during the last quarter. Woodline Partners LP bought a new stake in Ferrari during the 1st quarter valued at about $1,519,000. Sivia Capital Partners LLC increased its stake in Ferrari by 67.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 913 shares of the company’s stock valued at $448,000 after purchasing an additional 368 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Ferrari by 10.7% in the second quarter. Assetmark Inc. now owns 1,982 shares of the company’s stock worth $973,000 after buying an additional 192 shares during the last quarter.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

Analyst Ratings Changes

Several research analysts have recently issued reports on RACE shares. Jefferies Financial Group reiterated a “hold” rating on shares of Ferrari in a research note on Wednesday, February 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrari in a report on Monday, December 29th. Zacks Research raised Ferrari from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Barclays set a $420.00 target price on Ferrari and gave the company an “overweight” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a research report on Wednesday, February 11th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $475.61.

Check Out Our Latest Stock Report on Ferrari

Ferrari Price Performance

Shares of Ferrari stock opened at $350.10 on Friday. Ferrari N.V. has a one year low of $328.00 and a one year high of $519.10. The stock’s fifty day moving average is $358.69 and its 200 day moving average is $402.84. The stock has a market cap of $81.91 billion, a P/E ratio of 34.63, a P/E/G ratio of 3.49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.74, a quick ratio of 4.38 and a current ratio of 5.70.

Ferrari Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 21st will be paid a $3.615 dividend. 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 of this dividend is Tuesday, April 21st.

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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