Cooper Investors PTY Ltd. Raises Stock Position in Stevanato Group S.p.A. $STVN

Key Points

• Cooper Investors PTY Ltd. increased its stake in Stevanato Group S.p.A. by 22.0%, owning approximately 167,830 shares worth $4.1 million as of the end of the second quarter.
• Several other hedge funds have also made significant investments in Stevanato Group, with Bessemer Group Inc. notably boosting its stake by 14,623.3% during the first quarter.
• Stevanato Group has a market capitalization of $8.26 billion and a stock price that has fluctuated between a 52-week low of €17.12 and a high of €28.00.

Cooper Investors PTY Ltd. boosted its stake in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,830 shares of the company's stock after purchasing an additional 30,225 shares during the period. Cooper Investors PTY Ltd. owned approximately 0.06% of Stevanato Group worth $4,100,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in STVN. Conestoga Capital Advisors LLC grew its position in shares of Stevanato Group by 1.3% during the 1st quarter. Conestoga Capital Advisors LLC now owns 8,189,926 shares of the company's stock valued at $167,238,000 after acquiring an additional 106,930 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Stevanato Group by 13.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,744,714 shares of the company's stock valued at $76,468,000 after acquiring an additional 439,722 shares during the period. TimesSquare Capital Management LLC grew its position in shares of Stevanato Group by 2.1% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,358,966 shares of the company's stock valued at $68,590,000 after acquiring an additional 70,437 shares during the period. Jennison Associates LLC grew its position in shares of Stevanato Group by 27.9% during the 1st quarter. Jennison Associates LLC now owns 1,188,057 shares of the company's stock valued at $24,260,000 after acquiring an additional 259,231 shares during the period. Finally, Invesco Ltd. bought a new stake in shares of Stevanato Group during the 1st quarter valued at $19,072,000.

Analyst Upgrades and Downgrades

Separately, William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Stevanato Group Trading Up 0.8%

Stevanato Group stock traded up €0.21 during midday trading on Monday, reaching €27.01. The stock had a trading volume of 527,179 shares, compared to its average volume of 350,966. 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 52-week low of €17.12 and a 52-week high of €28.00. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 2.53 and a beta of 0.55. The company has a fifty day moving average of €24.42 and a 200 day moving average of €23.12.

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.