Envestnet Asset Management Inc. boosted its position in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 16.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,770 shares of the company's stock after buying an additional 23,545 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of Stevanato Group worth $3,324,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Johnson Financial Group Inc. purchased a new stake in Stevanato Group in the 4th quarter valued at approximately $41,000. Wells Fargo & Company MN boosted its holdings in Stevanato Group by 680.3% in the 4th quarter. Wells Fargo & Company MN now owns 3,246 shares of the company's stock valued at $71,000 after purchasing an additional 2,830 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Stevanato Group by 202.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company's stock valued at $162,000 after purchasing an additional 4,965 shares in the last quarter. Hancock Whitney Corp purchased a new stake in shares of Stevanato Group in the fourth quarter valued at approximately $239,000. Finally, Bessemer Group Inc. boosted its stake in shares of Stevanato Group by 14,623.3% in the first quarter. Bessemer Group Inc. now owns 13,251 shares of the company's stock valued at $270,000 after buying an additional 13,161 shares in the last quarter.
Stevanato Group Price Performance
Stevanato Group stock opened at €26.18 ($30.80) on Friday. Stevanato Group S.p.A. has a 52 week low of €17.12 ($20.14) and a 52 week high of €28.00 ($32.94). The firm has a market capitalization of $7.93 billion, a PE ratio of 51.33, a P/E/G ratio of 2.66 and a beta of 0.55. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. The firm's 50-day simple moving average is €24.22 and its 200 day simple moving average is €22.32.
Stevanato Group Increases Dividend
The business also recently announced an annual dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 5th were paid a $0.0613 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a yield of 0.3%. This is a positive change from Stevanato Group's previous annual dividend of $0.05.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on STVN. Stephens upgraded Stevanato Group to a "strong-buy" rating in a research note on Monday, April 21st. William Blair restated an "outperform" rating on shares of Stevanato Group in a research report on Monday, June 30th. Two investment 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of €25.70 ($30.24).
View Our Latest Report on STVN
Stevanato Group Company Profile
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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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