Ferrari (RACE) Shares Bought by Aperio Group LLC

Aperio Group LLC raised its stake in Ferrari (NYSE:RACE) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,648 shares of the company’s stock after acquiring an additional 4,954 shares during the quarter. Aperio Group LLC’s holdings in Ferrari were worth $15,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. BB&T Securities LLC lifted its stake in shares of Ferrari by 10.5% during the 4th quarter. BB&T Securities LLC now owns 6,879 shares of the company’s stock valued at $721,000 after buying an additional 651 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Ferrari by 44.2% during the 4th quarter. Deutsche Bank AG now owns 1,228,151 shares of the company’s stock valued at $128,756,000 after buying an additional 376,174 shares in the last quarter. Ensemble Capital Management LLC lifted its stake in shares of Ferrari by 19.2% during the 4th quarter. Ensemble Capital Management LLC now owns 206,478 shares of the company’s stock valued at $21,647,000 after buying an additional 33,228 shares in the last quarter. AXA lifted its stake in shares of Ferrari by 16.0% during the 4th quarter. AXA now owns 139,627 shares of the company’s stock valued at $14,638,000 after buying an additional 19,239 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Ferrari by 11.9% during the 4th quarter. Sei Investments Co. now owns 107,372 shares of the company’s stock valued at $11,256,000 after buying an additional 11,435 shares in the last quarter. Institutional investors own 32.29% of the company’s stock.

Ferrari opened at $132.53 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.56 and a current ratio of 3.17. The company has a market cap of $25.29 billion, a P/E ratio of 41.55, a PEG ratio of 2.17 and a beta of 1.39. Ferrari has a 1-year low of $83.05 and a 1-year high of $141.56.

Ferrari (NYSE:RACE) last posted its earnings results on Thursday, May 3rd. The company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.10). The firm had revenue of $831.00 million for the quarter, compared to the consensus estimate of $835.47 million. Ferrari had a return on equity of 79.32% and a net margin of 16.44%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. research analysts expect that Ferrari will post 3.57 EPS for the current year.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Ferrari from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Credit Suisse Group upped their price target on shares of Ferrari from $150.00 to $156.00 and gave the company an “outperform” rating in a research note on Friday, May 4th. Morgan Stanley upped their price target on shares of Ferrari from $100.00 to $105.00 and gave the company an “underweight” rating in a research note on Wednesday, February 14th. Finally, UBS restated a “buy” rating and set a $160.00 price target (up from $129.00) on shares of Ferrari in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $130.13.

About Ferrari

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports cars, GT cars, special series cars, limited edition supercars, limited editions series, and one-off cars; and open air roadsters and two-seater mid-rear-engined roadsters.

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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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