Russell Investments Group Ltd. Buys 91,663 Shares of Stevanato Group S.p.A. $STVN

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Stevanato Group S.p.A. by acquiring 91,663 additional shares, bringing its total holdings to 91,695 shares valued at approximately $1.87 million.
• Several other institutional investors also increased their positions in Stevanato Group, with Invesco Ltd. investing about $19 million in the first quarter.
• Stevanato Group currently holds a market capitalization of $6.52 billion and has received a consensus rating of "Moderate Buy" from analysts.

Russell Investments Group Ltd. raised its position in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 286,446.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,695 shares of the company's stock after acquiring an additional 91,663 shares during the period. Russell Investments Group Ltd.'s holdings in Stevanato Group were worth $1,872,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of Stevanato Group by 14,623.3% during the first quarter. Bessemer Group Inc. now owns 13,251 shares of the company's stock worth $270,000 after acquiring an additional 13,161 shares during the period. Palisade Capital Management LP boosted its holdings in shares of Stevanato Group by 52.0% during the first quarter. Palisade Capital Management LP now owns 91,431 shares of the company's stock worth $1,867,000 after acquiring an additional 31,283 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in shares of Stevanato Group in the fourth quarter valued at approximately $281,000. Envestnet Asset Management Inc. raised its position in shares of Stevanato Group by 16.9% in the first quarter. Envestnet Asset Management Inc. now owns 162,770 shares of the company's stock valued at $3,324,000 after buying an additional 23,545 shares in the last quarter. Finally, Yarbrough Capital LLC acquired a new stake in shares of Stevanato Group in the first quarter valued at approximately $329,000.

Analyst Ratings Changes

Separately, William Blair reiterated an "outperform" rating on shares of Stevanato Group in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Stevanato Group Price Performance

STVN traded down €0.32 during trading on Friday, hitting €23.14. 254,200 shares of the stock traded hands, compared to its average volume of 337,636. Stevanato Group S.p.A. has a twelve month low of €17.12 and a twelve month high of €28.00. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 2.21 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.79 and a quick ratio of 1.22. The business has a 50 day moving average price of €24.22 and a 200 day moving average price of €22.50.

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.