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Zions Bancorporation National Association UT Acquires New Holdings in Stevanato Group S.p.A. (NYSE:STVN)

Stevanato Group logo with Medical background

Key Points

  • Zions Bancorporation National Association UT acquired 93,709 shares of Stevanato Group S.p.A., valued at approximately $1.9 million, indicating growing institutional interest in the stock.
  • Several other institutional investors, including Whittier Trust Co. and Wells Fargo & Company MN, have recently increased their stakes in Stevanato Group, showcasing robust investment activity.
  • Stevanato Group has received a consensus rating of "Moderate Buy" from analysts, with a price target of €25.13 ($29.22), reflecting positive sentiment about its future performance.
  • Looking to export and analyze Stevanato Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Zions Bancorporation National Association UT purchased a new stake in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 93,709 shares of the company's stock, valued at approximately $1,914,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in Stevanato Group by 14,623.3% during the 1st quarter. Bessemer Group Inc. now owns 13,251 shares of the company's stock valued at $270,000 after purchasing an additional 13,161 shares during the last quarter. Palisade Capital Management LP raised its stake in shares of Stevanato Group by 52.0% in the first quarter. Palisade Capital Management LP now owns 91,431 shares of the company's stock worth $1,867,000 after acquiring an additional 31,283 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Stevanato Group in the fourth quarter worth about $281,000. Envestnet Asset Management Inc. raised its stake in shares of Stevanato Group by 16.9% in the first quarter. Envestnet Asset Management Inc. now owns 162,770 shares of the company's stock worth $3,324,000 after acquiring an additional 23,545 shares during the last quarter. Finally, Yarbrough Capital LLC bought a new position in shares of Stevanato Group in the first quarter worth about $329,000.

Stevanato Group Trading Down 0.5%

Shares of STVN traded down €0.10 ($0.12) on Tuesday, reaching €21.75 ($25.29). 380,124 shares of the company's stock were exchanged, compared to its average volume of 341,708. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6.59 billion, a P/E ratio of 40.28, a price-to-earnings-growth ratio of 2.23 and a beta of 0.55. The business has a 50 day moving average price of €24.52 and a two-hundred day moving average price of €22.45. Stevanato Group S.p.A. has a 12 month low of €17.12 ($19.91) and a 12 month high of €28.00 ($32.56).

Analysts Set New Price Targets

STVN has been the subject of a number of research analyst reports. Stephens raised shares of Stevanato Group to a "strong-buy" rating in a research note on Monday, April 21st. William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of €25.13 ($29.22).

View Our Latest Report on STVN

Stevanato Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Stevanato Group (NYSE:STVN)

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