Silvant Capital Management LLC Buys 1,620 Shares of Ferrari N.V. $RACE

Key Points

• Silvant Capital Management LLC increased its stake in Ferrari N.V. by 31.1% during the first quarter, holding a total of 6,822 shares valued at approximately $2.92 million.
• Multiple institutional investors have adjusted their positions in Ferrari, with Vanguard Group increasing its holdings by 8.1% and Goldman Sachs boosting theirs by 52.3% in the same quarter.
• Ferrari's recent quarterly earnings exceeded analysts' expectations, reporting $2.70 EPS and $2.12 billion in revenue, reflecting a year-over-year revenue increase of 4.4%.

Silvant Capital Management LLC boosted its stake in Ferrari N.V. (NYSE:RACE - Free Report) by 31.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,822 shares of the company's stock after purchasing an additional 1,620 shares during the quarter. Silvant Capital Management LLC's holdings in Ferrari were worth $2,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RACE. GW&K Investment Management LLC raised its stake in Ferrari by 288.9% in the first quarter. GW&K Investment Management LLC now owns 70 shares of the company's stock valued at $30,000 after purchasing an additional 52 shares in the last quarter. Park Square Financial Group LLC acquired a new position in Ferrari in the fourth quarter valued at about $32,000. Alpine Bank Wealth Management acquired a new position in Ferrari in the first quarter valued at about $33,000. Brooklyn Investment Group raised its stake in Ferrari by 381.3% in the first quarter. Brooklyn Investment Group now owns 77 shares of the company's stock valued at $33,000 after purchasing an additional 61 shares in the last quarter. Finally, Webster Bank N. A. acquired a new position in Ferrari in the first quarter valued at about $43,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RACE shares. Cfra Research downgraded Ferrari from a "hold" rating to a "moderate sell" rating in a research note on Thursday, July 31st. UBS Group boosted their target price on Ferrari from $520.00 to $560.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Wall Street Zen downgraded Ferrari from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ferrari in a research note on Monday, August 4th. Finally, Citigroup reissued a "sell" rating on shares of Ferrari in a research note on Monday, August 11th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $528.33.

Ferrari Trading Down 0.2%

Shares of NYSE:RACE traded down $1.04 during midday trading on Monday, hitting $477.95. 186,867 shares of the stock were exchanged, compared to its average volume of 427,336. The stock has a market capitalization of $115.84 billion, a price-to-earnings ratio of 49.32, a P/E/G ratio of 5.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.94 and a current ratio of 5.09. The business's 50-day moving average price is $478.16 and its 200 day moving average price is $467.04. Ferrari N.V. has a 12 month low of $391.54 and a 12 month high of $519.10.

Ferrari (NYSE:RACE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.13. The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.05 billion. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 earnings per share. Ferrari has set its FY 2025 guidance at 9.751- EPS. Analysts predict that Ferrari N.V. will post 9.22 earnings per share for the current year.

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.