Calydon Capital Sells 2,004 Shares of Ferrari N.V. $RACE

Calydon Capital trimmed its position in Ferrari N.V. (NYSE:RACE) by 66.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,020 shares of the company’s stock after selling 2,004 shares during the quarter. Calydon Capital’s holdings in Ferrari were worth $495,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RACE. Benjamin Edwards Inc. lifted its holdings in shares of Ferrari by 3.7% during the second quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock worth $299,000 after buying an additional 22 shares in the last quarter. Allworth Financial LP grew its position in shares of Ferrari by 7.5% during the 2nd quarter. Allworth Financial LP now owns 330 shares of the company’s stock worth $162,000 after purchasing an additional 23 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of Ferrari by 2.2% in the second quarter. Valeo Financial Advisors LLC now owns 1,086 shares of the company’s stock valued at $532,000 after buying an additional 23 shares in the last quarter. Certuity LLC boosted its stake in shares of Ferrari by 4.5% in the second quarter. Certuity LLC now owns 582 shares of the company’s stock valued at $285,000 after buying an additional 25 shares during the period. Finally, Wealth Alliance LLC boosted its stake in shares of Ferrari by 2.0% in the third quarter. Wealth Alliance LLC now owns 1,251 shares of the company’s stock valued at $607,000 after buying an additional 25 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RACE shares. Zacks Research upgraded Ferrari from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Loop Capital set a $481.67 target price on Ferrari in a report on Thursday, December 4th. The Goldman Sachs Group upgraded Ferrari to a “strong-buy” rating in a research report on Monday, November 24th. Citigroup raised Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. Finally, HSBC reiterated a “hold” rating on shares of Ferrari in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $475.61.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will debut a rotating “Macarena” rear wing in China, showing aggressive aero innovation that could improve race pace if effective. Article Title
• Positive Sentiment: Multiple outlets report Ferrari experimenting with new winglets (including a halo winglet) in China — continued on-track development may provide performance upside later in the season. Article Title
• Positive Sentiment: F1 coverage includes lifestyle/brand pieces (a day in the life of a Ferrari racing driver, Leclerc features) that support Ferrari’s premium brand and fan engagement. Article Title
• Neutral Sentiment: Ferrari is sharing technical info with customer team Haas; this collaboration manages relationships but raises questions about competitive leverage. Article Title
• Neutral Sentiment: Debate continues in media and among drivers about the Ferrari vs Mercedes dynamic — mixed commentary from Hamilton and Russell frames uncertain competitive outlook. Article Title
• Negative Sentiment: High-profile criticism: Lewis Hamilton and others say Ferrari is losing significant time to Mercedes due to engine/power-unit disadvantage — a direct hit to race-winning prospects. Article Title
• Negative Sentiment: Calls from rivals and media for Ferrari to close the PU deficit increase pressure on technical and management teams; investors may worry about costly development needs or short-term underperformance. Article Title
• Negative Sentiment: Race execution questioned after Australian GP strategy reviews and comments that Ferrari’s calls “robbed” them of a better result — operational miscues can depress short-term results and sentiment. Article Title
• Negative Sentiment: Drivers and pundits accuse Ferrari of obstructing rule-change talks and failing to learn from rivals’ mistakes — governance/PR friction could weigh on brand and on-track cooperation. Article Title

Ferrari Stock Down 0.6%

Shares of RACE opened at $332.56 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 4.38 and a current ratio of 5.70. Ferrari N.V. has a 52 week low of $328.00 and a 52 week high of $519.10. The stock has a market capitalization of $77.80 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 3.24 and a beta of 0.97. The stock has a fifty day moving average of $355.52 and a 200-day moving average of $397.36.

Ferrari Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Tuesday, April 21st will be given a $3.615 dividend. This is a boost from Ferrari’s previous annual dividend of $3.13. This represents a yield of 99.0%. The ex-dividend date is Tuesday, April 21st.

Ferrari Company 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.