Mutual of America Capital Management LLC Boosts Stake in Stevanato Group S.p.A. (NYSE:STVN)

Mutual of America Capital Management LLC lifted its position in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 663,734 shares of the company's stock after purchasing an additional 28,203 shares during the period. Mutual of America Capital Management LLC owned 0.22% of Stevanato Group worth $13,553,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in Stevanato Group by 7.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,878 shares of the company's stock worth $283,000 after buying an additional 1,004 shares during the period. Advisors Capital Management LLC grew its position in Stevanato Group by 1.0% in the 4th quarter. Advisors Capital Management LLC now owns 170,776 shares of the company's stock worth $3,721,000 after purchasing an additional 1,735 shares during the period. Johnson Financial Group Inc. bought a new stake in Stevanato Group in the 4th quarter worth approximately $41,000. Bank of New York Mellon Corp grew its position in Stevanato Group by 14.0% in the 1st quarter. Bank of New York Mellon Corp now owns 19,042 shares of the company's stock worth $389,000 after purchasing an additional 2,336 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Stevanato Group by 680.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,246 shares of the company's stock worth $71,000 after acquiring an additional 2,830 shares during the last quarter.

Stevanato Group Price Performance

Shares of Stevanato Group stock traded down €0.70 ($0.81) during trading hours on Friday, reaching €23.50 ($27.33). The company's stock had a trading volume of 364,300 shares, compared to its average volume of 374,159. The firm has a 50 day moving average price of €24.52 and a 200-day moving average price of €22.44. Stevanato Group S.p.A. has a one year low of €17.12 ($19.91) and a one year high of €28.00 ($32.56). The company has a debt-to-equity ratio of 0.25, a current ratio of 1.79 and a quick ratio of 1.26. The stock has a market cap of $7.12 billion, a P/E ratio of 43.52, a P/E/G ratio of 2.38 and a beta of 0.55.

Analyst Ratings Changes

Several research analysts have recently weighed in on STVN shares. Stephens upgraded shares of Stevanato Group to a "strong-buy" rating in a research note on Monday, April 21st. William Blair reiterated an "outperform" rating on shares of Stevanato Group in a research note on Monday, June 30th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of €25.13 ($29.22).

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.