Dnca Finance Has $43.02 Million Stake in Ferrari (NYSE:RACE)

Dnca Finance raised its holdings in Ferrari (NYSE:RACE - Free Report) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,731 shares of the company's stock after acquiring an additional 17,766 shares during the quarter. Ferrari accounts for about 3.3% of Dnca Finance's portfolio, making the stock its 7th biggest holding. Dnca Finance's holdings in Ferrari were worth $43,016,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RACE. Hanson & Doremus Investment Management acquired a new position in Ferrari during the fourth quarter valued at $26,000. Armstrong Advisory Group Inc. lifted its position in shares of Ferrari by 100.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 100 shares of the company's stock worth $42,000 after purchasing an additional 50 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Ferrari during the fourth quarter worth approximately $45,000. Plato Investment Management Ltd purchased a new position in Ferrari during the fourth quarter valued at approximately $53,000. Finally, Newbridge Financial Services Group Inc. lifted its position in Ferrari by 705.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 137 shares of the company's stock worth $58,000 after buying an additional 120 shares in the last quarter.

Ferrari Stock Performance

Shares of NYSE RACE traded down $4.57 during trading hours on Monday, reaching $435.40. The stock had a trading volume of 238,483 shares, compared to its average volume of 327,762. Ferrari has a twelve month low of $391.54 and a twelve month high of $509.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.57 and a quick ratio of 3.55. The business's fifty day moving average is $449.28 and its two-hundred day moving average is $447.22. The company has a market cap of $105.53 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 4.43 and a beta of 1.03.

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 paid a dividend of $3.1265 per share. This is a boost from Ferrari's previous annual dividend of $2.44. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 0.5%. Ferrari's dividend payout ratio (DPR) is currently 5.63%.

Analyst Ratings Changes

RACE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Ferrari in a research report on Thursday, February 6th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Ferrari from $525.00 to $460.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. StockNews.com upgraded Ferrari from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. UBS Group lowered their price target on Ferrari from $584.00 to $520.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Barclays raised shares of Ferrari from an "equal weight" rating to an "overweight" rating in a report on Friday, March 28th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Ferrari currently has an average rating of "Moderate Buy" and an average target price of $481.60.

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.