Quantinno Capital Management LP Buys 985 Shares of Ferrari (NYSE:RACE)

Quantinno Capital Management LP grew its position in Ferrari (NYSE:RACE - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,734 shares of the company's stock after buying an additional 985 shares during the quarter. Quantinno Capital Management LP's holdings in Ferrari were worth $4,996,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management acquired a new stake in Ferrari during the 4th quarter worth about $26,000. Kestra Investment Management LLC purchased a new stake in shares of Ferrari in the fourth quarter worth approximately $45,000. Plato Investment Management Ltd acquired a new stake in shares of Ferrari during the fourth quarter worth approximately $53,000. Newbridge Financial Services Group Inc. grew its position in Ferrari by 705.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 137 shares of the company's stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its position in Ferrari by 53.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 144 shares of the company's stock valued at $61,000 after purchasing an additional 50 shares in the last quarter.

Ferrari Stock Performance

Shares of NYSE:RACE traded down $2.85 on Wednesday, hitting $496.18. 302,857 shares of the company were exchanged, compared to its average volume of 330,074. The company's 50 day moving average price is $449.11 and its two-hundred day moving average price is $447.33. The firm has a market capitalization of $120.26 billion, a price-to-earnings ratio of 54.23, a PEG ratio of 4.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57. Ferrari has a one year low of $391.54 and a one year high of $509.13.

Ferrari (NYSE:RACE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.06. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.82 billion. Ferrari had a net margin of 22.81% and a return on equity of 46.69%. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 EPS. Research analysts expect that Ferrari will post 9.22 earnings per share for the current year.

Ferrari Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 6th. Stockholders of record on Wednesday, April 23rd were paid a $3.1265 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 0.5%. This is an increase from Ferrari's previous annual dividend of $2.44. Ferrari's dividend payout ratio is 5.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Ferrari from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Barclays raised Ferrari from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 28th. Deutsche Bank Aktiengesellschaft began coverage on Ferrari in a research report on Thursday, February 6th. They issued a "hold" rating on the stock. UBS Group raised their price target on Ferrari from $520.00 to $560.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Kepler Capital Markets raised Ferrari from a "hold" rating to a "buy" rating in a research note on Friday, March 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Ferrari presently has a consensus rating of "Moderate Buy" and a consensus target price of $526.25.

About Ferrari

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.