Silvercrest Asset Management Group LLC Raises Holdings in Stevanato Group S.p.A. (NYSE:STVN)

Silvercrest Asset Management Group LLC grew its holdings in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 342,947 shares of the company's stock after acquiring an additional 53,401 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.11% of Stevanato Group worth $7,473,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Polar Capital Holdings Plc boosted its holdings in Stevanato Group by 33.1% in the fourth quarter. Polar Capital Holdings Plc now owns 874,813 shares of the company's stock worth $19,062,000 after acquiring an additional 217,623 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Stevanato Group during the fourth quarter worth about $413,000. Granahan Investment Management LLC lifted its holdings in shares of Stevanato Group by 95.2% during the fourth quarter. Granahan Investment Management LLC now owns 226,401 shares of the company's stock worth $4,933,000 after purchasing an additional 110,418 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in shares of Stevanato Group by 1,012.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,003,235 shares of the company's stock worth $21,860,000 after purchasing an additional 913,019 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Stevanato Group during the fourth quarter worth about $281,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stephens raised Stevanato Group to a "strong-buy" rating in a report on Monday, April 21st. UBS Group decreased their target price on Stevanato Group from $24.00 to $23.50 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of €25.70 ($29.20).

Stevanato Group Stock Performance

STVN stock traded down €0.37 ($0.42) during trading on Friday, hitting €22.24 ($25.27). 159,500 shares of the company traded hands, compared to its average volume of 343,538. The stock's 50-day simple moving average is €21.72 and its 200 day simple moving average is €21.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. The company has a market cap of $6.74 billion, a PE ratio of 47.32, a P/E/G ratio of 7.18 and a beta of 0.51. Stevanato Group S.p.A. has a 1 year low of €16.56 ($18.82) and a 1 year high of €25.75 ($29.26).

Stevanato Group (NYSE:STVN - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported €0.20 ($0.23) EPS for the quarter, meeting analysts' consensus estimates of €0.20 ($0.23). The business had revenue of €352.68 million during the quarter, compared to analysts' expectations of €346.26 million. Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. On average, equities analysts expect that Stevanato Group S.p.A. will post 0.5 earnings per share for the current fiscal year.

Stevanato Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 5th will be given a $0.0613 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This is a boost from Stevanato Group's previous annual dividend of $0.05. This represents a dividend yield of 0.3%. Stevanato Group's payout ratio is 11.76%.

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.