Ferrari (NYSE:RACE) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC grew its position in shares of Ferrari (NYSE:RACE - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,356 shares of the company's stock after purchasing an additional 12,293 shares during the quarter. Janus Henderson Group PLC's holdings in Ferrari were worth $38,917,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RACE. Jefferies Financial Group Inc. increased its holdings in Ferrari by 113.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 6,615 shares of the company's stock worth $2,825,000 after acquiring an additional 56,008 shares in the last quarter. Focus Partners Wealth increased its holdings in Ferrari by 10.5% in the 4th quarter. Focus Partners Wealth now owns 8,832 shares of the company's stock worth $3,752,000 after acquiring an additional 841 shares in the last quarter. Ethic Inc. increased its holdings in Ferrari by 3.5% in the 4th quarter. Ethic Inc. now owns 3,197 shares of the company's stock worth $1,358,000 after acquiring an additional 108 shares in the last quarter. Deutsche Bank AG increased its holdings in Ferrari by 5.6% in the 4th quarter. Deutsche Bank AG now owns 816,592 shares of the company's stock worth $346,921,000 after acquiring an additional 42,950 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Ferrari by 26.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 146,013 shares of the company's stock worth $62,035,000 after acquiring an additional 30,492 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RACE shares. UBS Group boosted their price target on shares of Ferrari from $520.00 to $560.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ferrari in a report on Thursday, February 6th. They set a "hold" rating for the company. Kepler Capital Markets raised shares of Ferrari from a "hold" rating to a "buy" rating in a report on Friday, March 28th. JPMorgan Chase & Co. dropped their target price 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. Finally, Barclays raised shares of Ferrari from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Ferrari currently has a consensus rating of "Moderate Buy" and an average target price of $526.25.

Ferrari Stock Up 0.8%

NYSE:RACE traded up $4.20 during mid-day trading on Friday, hitting $498.99. The stock had a trading volume of 184,101 shares, compared to its average volume of 330,721. The stock has a 50-day simple moving average of $447.01 and a two-hundred day simple moving average of $447.04. The company has a market capitalization of $120.94 billion, a PE ratio of 54.53, a PEG ratio of 4.43 and a beta of 1.13. Ferrari has a twelve month low of $391.54 and a twelve month high of $509.13. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93.

Ferrari (NYSE:RACE - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.06. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.82 billion. Ferrari had a net margin of 22.81% and a return on equity of 46.69%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.95 earnings per share. On average, equities research analysts anticipate that Ferrari will post 9.22 EPS for the current year.

Ferrari Increases Dividend

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

Ferrari Company Profile

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.