Ferrari (NYSE:RACE) Stake Boosted by Savant Capital LLC

Savant Capital LLC grew its stake in shares of Ferrari (NYSE:RACE) by 26.0% during the 4th quarter, HoldingsChannel reports. The fund owned 563 shares of the company’s stock after acquiring an additional 116 shares during the period. Savant Capital LLC’s holdings in Ferrari were worth $239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RACE. Creative Planning lifted its stake in shares of Ferrari by 20.6% in the 3rd quarter. Creative Planning now owns 13,221 shares of the company’s stock valued at $6,215,000 after purchasing an additional 2,262 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Ferrari by 1.4% in the 3rd quarter. Raymond James & Associates now owns 50,940 shares of the company’s stock valued at $23,948,000 after purchasing an additional 693 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of Ferrari by 8.4% in the 3rd quarter. Whittier Trust Co. now owns 4,102 shares of the company’s stock valued at $1,928,000 after purchasing an additional 319 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ferrari by 12.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the company’s stock valued at $592,000 after purchasing an additional 136 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Ferrari by 1.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,362 shares of the company’s stock valued at $2,051,000 after purchasing an additional 53 shares during the last quarter.

Wall Street Analysts Forecast Growth

RACE has been the subject of several analyst reports. Barclays lowered shares of Ferrari from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 5th. UBS Group boosted their target price on shares of Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferrari in a research report on Thursday, February 6th. They set a “hold” rating for the company. Finally, Evercore ISI boosted their target price on shares of Ferrari from $475.00 to $565.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $507.14.

Ferrari Stock Up 0.1 %

Shares of RACE opened at $504.17 on Wednesday. The company has a 50-day simple moving average of $440.33 and a 200-day simple moving average of $452.92. The firm has a market capitalization of $122.89 billion, a P/E ratio of 55.10, a P/E/G ratio of 4.04 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57. Ferrari has a 52 week low of $389.34 and a 52 week high of $508.03.

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.