LPL Financial LLC Buys 30,339 Shares of Stevanato Group S.p.A. $STVN

Key Points

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LPL Financial LLC boosted its holdings in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 35.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,060 shares of the company's stock after buying an additional 30,339 shares during the period. LPL Financial LLC's holdings in Stevanato Group were worth $2,250,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in Stevanato Group during the first quarter worth $27,000. Johnson Financial Group Inc. acquired a new stake in Stevanato Group during the fourth quarter worth $41,000. Van Berkom & Associates Inc. boosted its stake in Stevanato Group by 33.3% during the first quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company's stock worth $49,000 after buying an additional 600 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Stevanato Group by 680.3% in 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Stevanato Group by 202.8% in 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 in the last quarter.

Analyst Upgrades and Downgrades

Separately, William Blair restated 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Stevanato Group Price Performance

NYSE STVN traded down €0.33 on Friday, hitting €22.52. 336,900 shares of the company were exchanged, compared to its average volume of 407,842. The firm has a 50 day moving average of €24.34 and a two-hundred day moving average of €22.49. The company has a market cap of $6.82 billion, a P/E ratio of 41.70, a P/E/G ratio of 2.13 and a beta of 0.55. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25. Stevanato Group S.p.A. has a 1-year low of €17.12 and a 1-year high of €28.00.

About Stevanato Group

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.