Diversified Trust Co Takes Position in Stevanato Group S.p.A. $STVN

Key Points

• Diversified Trust Co acquired a new position in Stevanato Group S.p.A., purchasing 14,400 shares valued at approximately $352,000 during the second quarter.
• Several institutional investors, including T. Rowe Price and Jennison Associates, have significantly increased their stakes in Stevanato Group, reflecting strong investor interest.
• Stevanato Group's stock has a market cap of $8.14 billion, with a current trading price of €26.88, showing a slight decline of 0.2% recently.

Diversified Trust Co bought a new stake in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 14,400 shares of the company's stock, valued at approximately $352,000.

Several other institutional investors have also made changes to their positions in STVN. Conestoga Capital Advisors LLC boosted its position in Stevanato Group by 1.3% in the first quarter. Conestoga Capital Advisors LLC now owns 8,189,926 shares of the company's stock valued at $167,238,000 after buying an additional 106,930 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Stevanato Group by 13.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,744,714 shares of the company's stock worth $76,468,000 after purchasing an additional 439,722 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Stevanato Group by 2.1% during the first quarter. TimesSquare Capital Management LLC now owns 3,358,966 shares of the company's stock worth $68,590,000 after purchasing an additional 70,437 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Stevanato Group by 27.9% during the first quarter. Jennison Associates LLC now owns 1,188,057 shares of the company's stock worth $24,260,000 after purchasing an additional 259,231 shares in the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Stevanato Group during the first quarter worth approximately $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 assigned a Hold rating to the stock. According to MarketBeat, Stevanato Group has an average rating of "Moderate Buy".

Stevanato Group Stock Down 0.2%

Shares of STVN stock opened at €26.88 on Wednesday. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 49.78, a PEG ratio of 2.54 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.22 and a current ratio of 1.79. Stevanato Group S.p.A. has a 52-week low of €17.12 and a 52-week high of €28.00. The firm's 50-day moving average is €24.48 and its 200-day moving average is €23.22.

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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