Stevanato Group S.p.A. (NYSE:STVN) Shares Purchased by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. raised its holdings in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 22.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,605 shares of the company's stock after buying an additional 25,221 shares during the period. Cooper Investors PTY Ltd.'s holdings in Stevanato Group were worth $2,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STVN. Frontier Capital Management Co. LLC lifted its position in shares of Stevanato Group by 1,012.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,003,235 shares of the company's stock worth $21,860,000 after buying an additional 913,019 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in Stevanato Group during the 4th quarter worth $13,848,000. Ranger Investment Management L.P. purchased a new stake in Stevanato Group in the fourth quarter valued at $12,940,000. Artisan Partners Limited Partnership lifted its position in Stevanato Group by 28.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company's stock valued at $51,333,000 after acquiring an additional 524,989 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Stevanato Group by 56.3% in the fourth quarter. Teacher Retirement System of Texas now owns 1,250,000 shares of the company's stock valued at $27,238,000 after acquiring an additional 450,000 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group reduced their target price on Stevanato Group from $24.00 to $23.50 and set a "neutral" rating for the company in a report on Friday, March 7th. William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a research report on Friday, March 7th. Finally, Stephens raised Stevanato Group to a "strong-buy" rating in a report on Monday, April 21st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of €25.70 ($29.88).

Stevanato Group Stock Performance

Shares of NYSE STVN traded up €0.72 ($0.84) during midday trading on Wednesday, reaching €25.31 ($29.43). 358,600 shares of the company were exchanged, compared to its average volume of 338,750. The stock has a market cap of $7.66 billion, a P/E ratio of 49.63, a PEG ratio of 2.35 and a beta of 0.53. Stevanato Group S.p.A. has a 1 year low of €16.85 ($19.59) and a 1 year high of €25.75 ($29.94). The stock has a fifty day simple moving average of €22.90 and a 200 day simple moving average of €21.84. The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 0.22.

Stevanato Group Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 5th will be paid a $0.0613 dividend. This is an increase from Stevanato Group's previous annual dividend of $0.05. This represents a dividend yield of 0.3%. The ex-dividend date is Thursday, June 5th.

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.