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

Public Employees Retirement System of Ohio acquired a new position in shares of Ferrari N.V. (NYSE:RACE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 73,333 shares of the company’s stock, valued at approximately $27,187,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new stake in shares of Ferrari in the 2nd quarter valued at approximately $952,874,000. Norges Bank acquired a new position in Ferrari during the fourth quarter valued at approximately $779,894,000. Deutsche Bank AG acquired a new position in Ferrari during the second quarter valued at approximately $413,209,000. The Manufacturers Life Insurance Company bought a new stake in Ferrari in the second quarter valued at approximately $388,816,000. Finally, Legal & General Group Plc acquired a new stake in Ferrari in the second quarter worth $322,208,000.

Ferrari Stock Performance

Shares of RACE stock opened at $420.86 on Friday. The company’s fifty day simple moving average is $390.23 and its 200-day simple moving average is $363.15. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $504.49. The company has a quick ratio of 3.70, a current ratio of 4.85 and a debt-to-equity ratio of 0.86. The firm has a market cap of $98.46 billion, a PE ratio of 39.07, a P/E/G ratio of 3.56 and a beta of 0.91.

Ferrari (NYSE:RACE) last issued its quarterly earnings data on Friday, July 31st. The company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.16. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.14 billion. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $2.38 earnings per share. Equities research analysts expect that Ferrari N.V. will post 11.18 EPS for the current fiscal year.

Key Ferrari News

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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RACE shares. Sanford C. Bernstein boosted their price target on shares of Ferrari from $402.00 to $460.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Needham & Company LLC raised Ferrari to a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Ferrari in a report on Wednesday, July 8th. UBS Group lowered their price target on Ferrari from $497.00 to $490.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Wolfe Research began coverage on Ferrari in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Three equities research 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 company’s stock. According to data from MarketBeat.com, Ferrari has a consensus rating of “Moderate Buy” and an average target price of $477.15.

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.