Whittier Trust Co. Has $2.63 Million Stock Holdings in Ferrari N.V. (NYSE:RACE)

Whittier Trust Co. boosted its holdings in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,151 shares of the company's stock after purchasing an additional 593 shares during the period. Whittier Trust Co.'s holdings in Ferrari were worth $2,632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Garde Capital Inc. increased its holdings in shares of Ferrari by 5.0% during the fourth quarter. Garde Capital Inc. now owns 525 shares of the company's stock worth $223,000 after buying an additional 25 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of Ferrari by 3.9% during the first quarter. Rehmann Capital Advisory Group now owns 697 shares of the company's stock worth $299,000 after buying an additional 26 shares in the last quarter. PDS Planning Inc increased its holdings in shares of Ferrari by 4.8% during the fourth quarter. PDS Planning Inc now owns 589 shares of the company's stock worth $250,000 after buying an additional 27 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Ferrari by 7.9% during the first quarter. Fifth Third Bancorp now owns 424 shares of the company's stock worth $181,000 after buying an additional 31 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Ferrari by 1.3% during the first quarter. International Assets Investment Management LLC now owns 2,711 shares of the company's stock worth $1,160,000 after buying an additional 34 shares in the last quarter.

Ferrari Trading Down 0.0%

RACE traded down $0.20 during trading on Friday, reaching $505.99. 372,162 shares of the company's stock were exchanged, compared to its average volume of 350,420. The company's fifty day moving average price is $483.24 and its 200-day moving average price is $459.45. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.04 and a current ratio of 5.09. Ferrari N.V. has a fifty-two week low of $391.54 and a fifty-two week high of $510.56. The firm has a market capitalization of $122.64 billion, a PE ratio of 53.54, a P/E/G ratio of 5.54 and a beta of 1.09.

Ferrari (NYSE:RACE - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.06. Ferrari had a net margin of 23.00% and a return on equity of 46.46%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business earned $1.95 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that Ferrari N.V. will post 9.22 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on RACE. JPMorgan Chase & Co. dropped their price objective on shares of Ferrari from $525.00 to $460.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Wall Street Zen lowered shares of Ferrari from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Barclays raised shares of Ferrari from an "equal weight" rating to an "overweight" rating in a report on Friday, March 28th. Kepler Capital Markets raised shares of Ferrari from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Finally, UBS Group raised their price target on shares of Ferrari from $520.00 to $560.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.