Public Employees Retirement System of Ohio Takes Position in Ferrari N.V. $RACE

Public Employees Retirement System of Ohio acquired a new stake in shares of Ferrari N.V. (NYSE:RACE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 73,333 shares of the company’s stock, valued at approximately $27,187,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RACE. Corient Private Wealth LP bought a new position in Ferrari in the second quarter valued at about $53,635,000. Perennial Investment Advisors LLC bought a new stake in shares of Ferrari during the second quarter worth about $353,000. Bamco Inc. NY bought a new stake in shares of Ferrari during the second quarter worth about $729,000. Bank of America Corp DE acquired a new position in shares of Ferrari during the second quarter worth $311,400,000. Finally, Strategic Global Advisors LLC bought a new stake in shares of Ferrari in the second quarter worth $2,100,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Sanford C. Bernstein lifted their price objective on Ferrari from $402.00 to $460.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. UBS Group dropped their price target on shares of Ferrari from $497.00 to $490.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $442.00 price objective on shares of Ferrari in a research note on Friday, July 31st. Evercore reissued an “outperform” rating and set a $485.00 target price on shares of Ferrari in a research note on Friday, July 31st. Finally, Wolfe Research assumed coverage on shares of Ferrari in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Ferrari has a consensus rating of “Moderate Buy” and an average price target of $477.15.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari is reportedly preparing to introduce its upgraded ADUO F1 power unit at the Italian Grand Prix in Monza. A successful upgrade could improve Ferrari’s competitiveness, generate valuable publicity and support the brand’s marketing platform. Ferrari makes crucial upgraded F1 engine decision for Italian GP Ferrari ready to fire up ADUO engine upgrade at Monza
• Positive Sentiment: Ferrari unveiled special Michael Schumacher-inspired race suits and a commemorative livery for its home race at Monza, with Lewis Hamilton expected to participate in the tribute. The initiative reinforces Ferrari’s heritage and fan engagement, potentially supporting its premium-brand appeal and merchandise exposure. Ferrari unveils Michael Schumacher race suits for F1 Italian GP
• Positive Sentiment: An American billionaire reportedly paid $40 million for Ferrari’s first Luce electric vehicle, far above its estimated $1.1 million presale price. Although the tax savings benefit the buyer rather than Ferrari directly, the transaction highlights exceptional pricing power, exclusivity and demand for Ferrari’s limited-production vehicles. American billionaire bought the first Ferrari Luce
• Neutral Sentiment: Ferrari’s Formula 1 leadership identified performance goals after reportedly strong pace at Zandvoort, while a new active-bodywork patent points to possible future hypercar innovation. These developments support the long-term brand narrative but have no confirmed near-term financial impact. Ferrari’s New Active Bodywork Patent
• Negative Sentiment: A high-value Ferrari race car was reportedly involved in a track-day crash. The incident appears isolated and is unlikely to materially affect Ferrari N.V.’s earnings, though it creates limited negative publicity.

Ferrari Stock Performance

Shares of RACE stock opened at $420.86 on Friday. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $390.23 and a two-hundred day simple moving average of $363.15. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $504.49. The firm has a market capitalization of $98.46 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 3.56 and a beta of 0.91.

Ferrari (NYSE:RACE) last posted its earnings results on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.16. Ferrari had a return on equity of 42.83% and a net margin of 22.29%.The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the company earned $2.38 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts forecast that Ferrari N.V. will post 11.18 EPS for the current fiscal year.

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.