Mitsubishi UFJ Trust & Banking Corp Reduces Position in Ferrari N.V. $RACE

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its position by 71.4% in Q4, selling 6,843 Ferrari shares and retaining 2,744 shares valued at $1,018,000.
• Ferrari increased its annual dividend to $3.615 per share (paid May 5), up from $3.13 previously.
• Ferrari beat Q1 revenue and EPS estimates and reaffirmed full‑year 2026 guidance with an active buyback program, but shares fell roughly 4% amid FX headwinds, delivery shifts and notable institutional selling.

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 71.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,744 shares of the company's stock after selling 6,843 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Ferrari were worth $1,018,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of Ferrari during the 3rd quarter worth about $27,000. Westside Investment Management Inc. lifted its holdings in Ferrari by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 56 shares of the company's stock valued at $27,000 after buying an additional 28 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Ferrari in the 3rd quarter valued at about $28,000. Community Bank N.A. purchased a new stake in Ferrari in the 3rd quarter valued at about $33,000. Finally, CX Institutional boosted its position in Ferrari by 227.3% in the 3rd quarter. CX Institutional now owns 72 shares of the company's stock valued at $35,000 after buying an additional 50 shares during the period.

Ferrari Trading Down 4.0%

NYSE RACE opened at $325.37 on Wednesday. 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 firm has a market cap of $76.12 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 3.21 and a beta of 0.95. The company has a 50 day moving average price of $346.49 and a 200 day moving average price of $365.74. Ferrari N.V. has a 52 week low of $312.51 and a 52 week high of $519.10.

Ferrari Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, May 5th. Investors of record on Tuesday, April 21st were paid a dividend of $3.615 per share. This is a boost from Ferrari's previous annual dividend of $3.13. The ex-dividend date was Tuesday, April 21st. This represents a dividend yield of 119.0%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RACE shares. Morgan Stanley set a $420.00 price objective on shares of Ferrari in a research report on Monday, February 16th. Citigroup raised shares of Ferrari from a "sell" rating to a "neutral" rating in a research report on Thursday, February 12th. UBS Group lowered their price objective on shares of Ferrari from $555.00 to $483.00 and set a "buy" rating for the company in a research report on Wednesday, April 1st. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $410.00 price target on shares of Ferrari in a research report on Wednesday, February 11th. Finally, HSBC reaffirmed a "hold" rating on shares of Ferrari in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $469.06.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Q1 results beat consensus: revenue and EPS topped estimates, EBITDA and margins expanded and industrial free cash flow rose — evidence of strong pricing, mix and profitability. Ferrari tops Wall Street's first-quarter expectations ahead of EV debut - CNBC
• Positive Sentiment: Company reaffirmed full-year 2026 guidance and noted an extended order book toward end-2027, supporting medium-term demand visibility. ANOTHER QUARTER OF STRONG MIX - 2026 GUIDANCE CONFIRMED
• Positive Sentiment: Share buyback program is active (second tranche executed), providing direct capital return support for the stock. FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
• Neutral Sentiment: Management filed the Q1 interim report / Form 6‑K and held the earnings call — useful for details but the content largely reiterated published results. Ferrari Files Q1 2026 Interim Financial Report with U.S. SEC - TipRanks
• Neutral Sentiment: Analyst coverage remains constructive (median price targets well above current levels), which may cap downside over time but hasn’t prevented near-term selling. QuiverQuant summary with analyst targets
• Negative Sentiment: Guidance was reconfirmed but FY EPS guidance is slightly below some Street estimates — investors reacted to an absence of an upward revision. Ferrari finds workaround for Middle East snags - Benzinga
• Negative Sentiment: Management flagged negative FX (net of hedges), U.S. tariff pressure and intentionally lower Q1 deliveries amid a model changeover — these operational and macro risks likely prompted the “sell-the-news” reaction. QuiverQuant: slides after Q1 results
• Negative Sentiment: Notable institutional selling in recent quarters (large reductions by several big managers) adds a backdrop of supply that can amplify downward moves after a mixed catalyst. QuiverQuant institutional holdings summary

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.

Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrari N.V. (NYSE:RACE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.