Ferrari N.V. $RACE Stock Position Decreased by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lessened its holdings in shares of Ferrari N.V. (NYSE:RACE) by 63.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,750 shares of the company’s stock after selling 39,314 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Ferrari were worth $10,994,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR raised its holdings in shares of Ferrari by 28.9% during the 3rd quarter. Generali Asset Management SPA SGR now owns 55,690 shares of the company’s stock valued at $27,022,000 after purchasing an additional 12,485 shares in the last quarter. Rheos Capital Works Inc. boosted its holdings in Ferrari by 33.1% in the third quarter. Rheos Capital Works Inc. now owns 215,200 shares of the company’s stock worth $104,419,000 after purchasing an additional 53,500 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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 worth $1,295,907,000 after buying an additional 1,039,234 shares during the last quarter. Alta Capital Management LLC bought a new position in Ferrari during the third quarter valued at about $6,391,000. Finally, Teacher Retirement System of Texas bought a new position in Ferrari during the third quarter valued at about $8,995,000.

Analysts Set New Price Targets

RACE has been the subject of several recent analyst reports. Zacks Research upgraded Ferrari from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Barclays set a $420.00 price objective on Ferrari and gave the company an “overweight” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada restated an “outperform” rating on shares of Ferrari in a report on Wednesday, February 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $410.00 price target on shares of Ferrari in a report on Wednesday, February 11th. Finally, Morgan Stanley set a $420.00 price target on shares of Ferrari in a research report on Monday, February 16th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $475.61.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Company buyback: Ferrari continued executing the first tranche of a multi-year ~€3.5bn buyback program (first tranche €250m), adding to treasury stock and supporting shareholder returns and EPS dilution reduction. Read More.
• Positive Sentiment: On-track competitiveness: Despite strategic errors, Ferrari demonstrated strong race pace in the Australian GP, signaling the car is competitive with Mercedes — a positive indicator for brand value, marketing exposure, and long-term F1-derived intangible benefits. Read More.
• Neutral Sentiment: Third-party commentary: Lewis Hamilton and other rivals publicly noted Ferrari is “in the fight” and could close the gap to Mercedes — useful context on competitive standing but not directly financial. Read More.
• Neutral Sentiment: Brand/human interest: Profiles and owner stories (e.g., a collector’s reflection on an iconic Ferrari) keep luxury-image narratives alive; these are reputational positives but unlikely to move near-term stock materially. Read More.
• Negative Sentiment: Strategic error in Australian GP: Team strategy (pit/Virtual Safety Car timing) was widely criticized after costing higher finishing positions and allowing Mercedes to capitalize — an operational misstep that can dent short-term sentiment among sponsors, fans and investors focused on F1-derived revenue/visibility. Read More.
• Negative Sentiment: Driver/team frustration: Strong language from within the paddock — including Charles Leclerc likening aspects of the race to “Mario Kart” and critical reactions around the pit-call — highlights internal frustration that can amplify negative headlines and short-term volatility. Read More.

Ferrari Stock Down 1.0%

RACE stock opened at $346.41 on Tuesday. Ferrari N.V. has a twelve month low of $328.00 and a twelve month high of $519.10. 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 company has a market cap of $81.04 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 3.41 and a beta of 0.97. The business’s 50-day simple moving average is $358.11 and its 200 day simple moving average is $401.05.

Ferrari Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 21st will be issued a dividend of $3.615 per share. This represents a dividend yield of 99.0%. The ex-dividend date of this dividend is Tuesday, April 21st. This is a boost from Ferrari’s previous annual dividend of $3.13.

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.