D. E. Shaw & Co. Inc. bought a new position in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,900 shares of the company's stock, valued at approximately $281,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Conestoga Capital Advisors LLC increased its stake in shares of Stevanato Group by 5.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 8,082,996 shares of the company's stock valued at $176,128,000 after purchasing an additional 407,086 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of Stevanato Group by 114.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,288,529 shares of the company's stock valued at $71,657,000 after buying an additional 1,756,100 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Stevanato Group by 28.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company's stock valued at $51,333,000 after buying an additional 524,989 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of Stevanato Group by 7.9% during the 4th quarter. Bamco Inc. NY now owns 1,818,181 shares of the company's stock valued at $39,618,000 after purchasing an additional 133,000 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Stevanato Group by 56.3% during the 4th quarter. Teacher Retirement System of Texas now owns 1,250,000 shares of the company's stock valued at $27,238,000 after buying an additional 450,000 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a report on Friday, March 7th. UBS Group reduced their price target on shares of Stevanato Group from $24.00 to $23.50 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Stephens raised shares of Stevanato Group to a "strong-buy" rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Stevanato Group currently has an average rating of "Moderate Buy" and a consensus price target of €25.70 ($29.20).
Check Out Our Latest Analysis on Stevanato Group
Stevanato Group Stock Performance
Stevanato Group stock traded down €0.83 ($0.94) during trading hours on Friday, reaching €22.05 ($25.06). 200,500 shares of the stock were exchanged, compared to its average volume of 338,130. The stock has a market cap of $6.68 billion, a P/E ratio of 46.91, a P/E/G ratio of 7.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81. Stevanato Group S.p.A. has a 52-week low of €16.56 ($18.82) and a 52-week high of €25.75 ($29.26). The firm's 50 day moving average is €21.79 and its 200 day moving average is €21.35.
Stevanato Group (NYSE:STVN - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported €0.20 ($0.23) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of €0.20 ($0.23). The company had revenue of €352.68 million during the quarter, compared to analysts' expectations of €346.26 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. Analysts predict that Stevanato Group S.p.A. will post 0.5 EPS for the current fiscal year.
Stevanato Group Increases Dividend
The business also recently announced an annual dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 5th will be issued a $0.0613 dividend. This represents a yield of 0.3%. This is an increase from Stevanato Group's previous annual dividend of $0.05. The ex-dividend date of this dividend is Thursday, June 5th. Stevanato Group's payout ratio is presently 11.76%.
About Stevanato Group
(
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.
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