Bahl & Gaynor LLC Purchases 93,134 Shares of Ferrari N.V. $RACE

Key Points

• Bahl & Gaynor increased its Ferrari stake by 100.4% in the third quarter, buying 93,134 shares and ending the period with 185,869 shares valued at about $73 million.
• Ferrari reported quarterly EPS of $2.76, beating the $2.66 consensus estimate; revenue rose 7.4% year over year to $2.15 billion.
• Analysts have a “Moderate Buy” consensus rating and an average price target of $456.71; Ferrari shares opened at $415.71 in the reported session.

Bahl & Gaynor LLC increased its position in Ferrari N.V. (NYSE:RACE - Free Report) by 100.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,869 shares of the company's stock after purchasing an additional 93,134 shares during the quarter. Bahl & Gaynor LLC owned approximately 0.08% of Ferrari worth $73,019,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Biglari Sardar purchased a new position in shares of Ferrari during the second quarter valued at $20,997,156. TD Waterhouse Canada Inc. raised its holdings in shares of Ferrari by 139.4% in the second quarter. TD Waterhouse Canada Inc. now owns 42,858 shares of the company's stock valued at $16,058,000 after acquiring an additional 24,956 shares in the last quarter. Biglari Capital CORP. lifted its stake in Ferrari by 29.4% in the first quarter. Biglari Capital CORP. now owns 291,981 shares of the company's stock worth $98,821,000 after acquiring an additional 66,400 shares during the period. Junto Capital Management LP purchased a new stake in Ferrari in the second quarter worth about $25,652,000. Finally, Swiss National Bank lifted its stake in Ferrari by 26.8% in the first quarter. Swiss National Bank now owns 436,456 shares of the company's stock worth $145,435,000 after acquiring an additional 92,373 shares during the period.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari reported purchasing 17,786 shares for about €6.43 million under its €250 million buyback tranche. Repurchases can modestly support per-share results and signal confidence, though this reported amount is small relative to the full tranche. Ferrari reports share purchases under €250 million buyback tranche
• Positive Sentiment: A comparison with NIO highlights Ferrari’s high net margins and brand loyalty, supported by its exclusive production model. These qualities reinforce Ferrari’s premium business case, though the article does not report a new company development. NIO vs. Ferrari: Which Luxury Car Stock Is a Better Buy for 2027?
• Neutral Sentiment: An analysis says Ferrari may appeal to investors seeking exposure to ultra-luxury, while framing that appeal as less compelling for investors prioritizing returns. It is an opinion piece, not a change in company fundamentals. Ferrari Shares Worth Owning If Return Less Important Than Ultra Luxury Adjacency
• Negative Sentiment: Ferrari team principal Fred Vasseur discussed tyre struggles at the São Paulo Grand Prix. This may weigh on racing-related sentiment, but the report does not indicate a direct impact on vehicle sales or financial results. Fred Vasseur on Ferrari's tyre struggles at São Paulo GP
• Negative Sentiment: A critical opinion article argues that the design of Ferrari’s Luce could concern shareholders. The headline signals a subjective design critique; the supplied details do not establish a commercial or financial impact. Ferrari's Luce Looks Like An IQOS, And That Should Worry Shareholders

Analysts Set New Price Targets

A number of research analysts have commented on RACE shares. Morgan Stanley cut their target price on shares of Ferrari from $460.00 to $456.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 30th. Royal Bank Of Canada restated a "buy" rating on shares of Ferrari in a report on Monday, September 21st. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Ferrari in a research report on Tuesday, September 29th. Barclays reiterated a "buy" rating on shares of Ferrari in a research note on Monday, August 10th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Ferrari in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $456.71.

Ferrari Trading Down 0.8%

NYSE:RACE opened at $415.71 on Wednesday. The stock has a market capitalization of $97.25 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 3.68 and a beta of 0.89. Ferrari N.V. has a 52 week low of $312.51 and a 52 week high of $437.15. The company has a quick ratio of 3.81, a current ratio of 4.94 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $402.81 and a 200 day moving average of $371.87.

Ferrari (NYSE:RACE - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.10. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. Ferrari had a net margin of 22.55% and a return on equity of 43.71%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.14 earnings per share. As a group, sell-side analysts anticipate that Ferrari N.V. will post 11.34 earnings per share for the current fiscal year.

About Ferrari

Ferrari N.V. designs, manufactures and sells luxury sports cars under the Ferrari brand. Based in Maranello, Italy, the company offers a range of road cars, including series-production models, special-series vehicles and limited-edition cars, with customization options for clients. Ferrari also operates a motorsports business centered on its racing heritage. Scuderia Ferrari competes in Formula One and other racing series, while the company organizes customer racing programs and events. In addition to cars and racing, Ferrari develops and licenses branded merchandise and lifestyle products.

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