Zions Bancorporation National Association UT Makes New $1.91 Million Investment in Stevanato Group S.p.A. (NYSE:STVN)

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.

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

Several other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Stevanato Group by 24.6% during the fourth quarter. LPL Financial LLC now owns 85,721 shares of the company's stock valued at $1,940,000 after acquiring an additional 16,915 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Stevanato Group by 680.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,246 shares of the company's stock valued at $71,000 after acquiring an additional 2,830 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Stevanato Group during the fourth quarter valued at approximately $5,754,000. Advisors Capital Management LLC raised its stake in shares of Stevanato Group by 1.0% during the fourth quarter. Advisors Capital Management LLC now owns 170,776 shares of the company's stock valued at $3,721,000 after acquiring an additional 1,735 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Stevanato Group by 202.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company's stock valued at $162,000 after acquiring an additional 4,965 shares in the last quarter.

Stevanato Group Stock Up 0.3%

STVN stock traded up €0.06 ($0.07) during trading on Wednesday, hitting €21.89 ($25.45). 161,790 shares of the company's stock traded hands, compared to its average volume of 340,592. The business has a fifty day simple moving average of €24.52 and a two-hundred day simple moving average of €22.45. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.25. Stevanato Group S.p.A. has a 1 year low of €17.12 ($19.91) and a 1 year high of €28.00 ($32.56). The firm has a market capitalization of $6.63 billion, a P/E ratio of 40.54, a PEG ratio of 2.06 and a beta of 0.55.

Analysts Set New Price Targets

Several equities analysts recently issued reports on STVN shares. William Blair reissued an "outperform" rating on shares of Stevanato Group in a report on Monday, June 30th. Stephens raised shares of Stevanato Group to a "strong-buy" rating in a report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of €25.13 ($29.22).

Stevanato Group Company 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.