Ferrari (NYSE:RACE) Stock Holdings Lifted by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC boosted its holdings in Ferrari (NYSE:RACE) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,667 shares of the company’s stock after acquiring an additional 67 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Ferrari were worth $1,558,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sapient Capital LLC grew its position in shares of Ferrari by 1.0% during the fourth quarter. Sapient Capital LLC now owns 67,322 shares of the company’s stock worth $28,737,000 after acquiring an additional 653 shares during the last quarter. Cerity Partners LLC boosted its stake in Ferrari by 14.0% during the 3rd quarter. Cerity Partners LLC now owns 26,915 shares of the company’s stock valued at $12,653,000 after purchasing an additional 3,308 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in Ferrari in the 4th quarter worth about $3,371,000. Allworth Financial LP increased its stake in shares of Ferrari by 35.1% in the fourth quarter. Allworth Financial LP now owns 327 shares of the company’s stock valued at $141,000 after purchasing an additional 85 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Ferrari by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,612,108 shares of the company’s stock valued at $684,888,000 after buying an additional 38,356 shares during the last quarter.

Ferrari Stock Down 2.1 %

Shares of RACE stock opened at $443.67 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57. The stock has a market cap of $107.54 billion, a PE ratio of 48.49, a price-to-earnings-growth ratio of 4.43 and a beta of 0.94. The business’s fifty day moving average is $455.90 and its 200-day moving average is $454.65. Ferrari has a 1 year low of $399.27 and a 1 year high of $509.13.

Ferrari Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Wednesday, April 23rd will be given a $3.1265 dividend. The ex-dividend date is Wednesday, April 23rd. This is a boost from Ferrari’s previous annual dividend of $2.44. This represents a yield of 0.5%. Ferrari’s payout ratio is 5.63%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RACE shares. Deutsche Bank Aktiengesellschaft began coverage on Ferrari in a report on Thursday, February 6th. They issued a “hold” rating for the company. StockNews.com raised Ferrari from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, Barclays cut shares of Ferrari from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $507.14.

Ferrari 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.