Bar Harbor Wealth Management Acquires New Holdings in Stevanato Group S.p.A. $STVN

Key Points

• Bar Harbor Wealth Management has acquired a new position in Stevanato Group S.p.A., purchasing 371,735 shares valued at approximately $9.08 million during the 2nd quarter.
• Several other institutional investors have also increased their stakes in Stevanato Group, with notable increases from Conestoga Capital Advisors and Bessemer Group, indicating growing confidence in the company's prospects.
• Stevanato Group's stock is currently rated as a "Moderate Buy" by analysts, with a mix of ratings that includes one Strong Buy, three Buy, and three Hold ratings.

Bar Harbor Wealth Management purchased a new position in Stevanato Group S.p.A. (NYSE:STVN - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 371,735 shares of the company's stock, valued at approximately $9,081,000. Bar Harbor Wealth Management owned 0.12% of Stevanato Group as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STVN. Conestoga Capital Advisors LLC increased its position in Stevanato Group by 1.3% in the 1st quarter. Conestoga Capital Advisors LLC now owns 8,189,926 shares of the company's stock worth $167,238,000 after buying an additional 106,930 shares during the period. Oppenheimer Asset Management Inc. increased its position in Stevanato Group by 7.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,878 shares of the company's stock worth $283,000 after buying an additional 1,004 shares during the period. Cooper Investors PTY Ltd. increased its position in Stevanato Group by 22.4% in the 1st quarter. Cooper Investors PTY Ltd. now owns 137,605 shares of the company's stock worth $2,810,000 after buying an additional 25,221 shares during the period. Bessemer Group Inc. increased its position in Stevanato Group by 14,623.3% in the 1st quarter. Bessemer Group Inc. now owns 13,251 shares of the company's stock worth $270,000 after buying an additional 13,161 shares during the period. Finally, Peregrine Capital Management LLC increased its position in Stevanato Group by 19.3% in the 1st quarter. Peregrine Capital Management LLC now owns 436,860 shares of the company's stock worth $8,921,000 after buying an additional 70,782 shares during the period.

Stevanato Group Price Performance

Shares of NYSE:STVN opened at €24.58 on Thursday. Stevanato Group S.p.A. has a 1-year low of €17.12 and a 1-year high of €28.00. The firm has a market capitalization of $7.44 billion, a PE ratio of 45.52, a PEG ratio of 2.27 and a beta of 0.57. The business's 50 day moving average is €24.49 and its 200-day moving average is €23.54. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25.

Analyst Ratings Changes

Several research analysts have commented on STVN shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Stevanato Group in a research report on Wednesday. William Blair reissued an "outperform" rating on shares of Stevanato Group in a report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

About Stevanato Group

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.

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