Cinctive Capital Management LP Buys 58,792 Shares of Stevanato Group S.p.A. (NYSE:STVN)

Cinctive Capital Management LP raised its position in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 241.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,156 shares of the company's stock after purchasing an additional 58,792 shares during the quarter. Cinctive Capital Management LP's holdings in Stevanato Group were worth $1,812,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Conestoga Capital Advisors LLC raised its position in Stevanato Group by 5.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 8,082,996 shares of the company's stock valued at $176,128,000 after buying an additional 407,086 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Stevanato Group by 114.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,288,529 shares of the company's stock worth $71,657,000 after acquiring an additional 1,756,100 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Stevanato Group by 4.5% in the third quarter. Wellington Management Group LLP now owns 2,693,588 shares of the company's stock valued at $53,872,000 after purchasing an additional 115,050 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Stevanato Group by 28.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company's stock worth $51,333,000 after purchasing an additional 524,989 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Stevanato Group by 56.3% during the fourth quarter. Teacher Retirement System of Texas now owns 1,250,000 shares of the company's stock worth $27,238,000 after purchasing an additional 450,000 shares during the last quarter.

Stevanato Group Stock Performance

STVN stock traded up €2.11 ($2.32) during midday trading on Wednesday, reaching €20.68 ($22.73). 369,200 shares of the company were exchanged, compared to its average volume of 357,052. Stevanato Group S.p.A. has a one year low of €16.56 ($18.20) and a one year high of €30.10 ($33.08). The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 44.00, a price-to-earnings-growth ratio of 7.18 and a beta of 0.52. The business has a 50-day moving average price of €20.54 and a two-hundred day moving average price of €20.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21.

Stevanato Group (NYSE:STVN - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported €0.20 ($0.22) EPS for the quarter, hitting the consensus estimate of €0.20 ($0.22). The business had revenue of €352.68 million during the quarter, compared to the consensus estimate of €346.26 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. Equities research analysts forecast that Stevanato Group S.p.A. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Stevanato Group from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Wolfe Research initiated coverage on Stevanato Group in a report on Friday, December 13th. They set an "outperform" rating and a $28.00 target price on the stock. UBS Group decreased their price target on Stevanato Group from $24.00 to $23.50 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, William Blair reiterated an "outperform" rating on shares of Stevanato Group in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and five have given 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 €25.70 ($28.24).

Stevanato Group Profile

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.