Silvercrest Asset Management Group LLC Has $7.47 Million Stake in Stevanato Group S.p.A. (NYSE:STVN)

Silvercrest Asset Management Group LLC lifted its holdings in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 18.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 342,947 shares of the company's stock after purchasing an additional 53,401 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.11% of Stevanato Group worth $7,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. acquired a new position in shares of Stevanato Group during the fourth quarter worth about $39,000. Johnson Financial Group Inc. bought a new stake in Stevanato Group in the fourth quarter valued at about $41,000. Wells Fargo & Company MN grew its holdings in shares of Stevanato Group by 680.3% during the fourth 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 last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Stevanato Group by 1,457.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the company's stock valued at $123,000 after purchasing an additional 5,291 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Stevanato Group by 202.8% during the fourth 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 last quarter.

Stevanato Group Stock Down 1.6%

NYSE:STVN traded down €0.37 ($0.42) during trading hours on Friday, hitting €22.24 ($25.27). 159,500 shares of the stock traded hands, compared to its average volume of 343,538. The firm has a 50 day moving average price of €21.72 and a 200 day moving average price of €21.32. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. Stevanato Group S.p.A. has a fifty-two week low of €16.56 ($18.82) and a fifty-two week high of €25.75 ($29.26). The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 7.18 and a beta of 0.51.

Stevanato Group (NYSE:STVN - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported €0.20 ($0.23) earnings per share (EPS) for the quarter, meeting the consensus estimate of €0.20 ($0.23). Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. The company had revenue of €352.68 million for the quarter, compared to the consensus estimate of €346.26 million. Equities research analysts anticipate that Stevanato Group S.p.A. will post 0.5 earnings per share for the current year.

Stevanato Group Increases Dividend

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

Analyst Ratings Changes

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

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.