Invesco Ltd. Invests $19.07 Million in Stevanato Group S.p.A. $STVN

Key Points

• Invesco Ltd. invested approximately $19.07 million in Stevanato Group S.p.A. by acquiring 933,964 shares, increasing its stake to 0.31% as per the latest SEC filing.
• Several other large investors also adjusted their stakes in Stevanato Group, with notable increases from Wells Fargo (680.3%) and Tower Research Capital (202.8%) in the fourth quarter.
• Analysts have given Stevanato Group a largely positive outlook, with one analyst rating it as a Strong Buy and a cumulative average rating of "Moderate Buy."

Invesco Ltd. bought a new stake in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 933,964 shares of the company's stock, valued at approximately $19,072,000. Invesco Ltd. owned 0.31% of Stevanato Group as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in STVN. Wells Fargo & Company MN raised its stake in Stevanato Group by 680.3% during 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 during the period. Raymond James Financial Inc. acquired a new stake in Stevanato Group during the 4th quarter valued at $5,754,000. Tower Research Capital LLC TRC raised its stake in Stevanato Group by 202.8% during 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 during the period. Hancock Whitney Corp acquired a new stake in Stevanato Group during the 4th quarter valued at $239,000. Finally, Johnson Financial Group Inc. acquired a new stake in Stevanato Group during the 4th quarter valued at $41,000.

Analysts Set New Price Targets

Separately, William Blair reissued an "outperform" rating on shares of Stevanato Group in a research note on Monday, June 30th. One 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Stevanato Group Trading Down 0.5%

Shares of NYSE:STVN opened at €22.79 on Friday. The firm has a fifty day moving average of €24.36 and a two-hundred day moving average of €22.49. The firm has a market capitalization of $6.90 billion, a P/E ratio of 42.20, a price-to-earnings-growth ratio of 2.16 and a beta of 0.55. Stevanato Group S.p.A. has a 12-month low of €17.12 and a 12-month high of €28.00. 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 Company 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.

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