Stevanato Group S.p.A. $STVN Shares Acquired by LPL Financial LLC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

LPL Financial LLC raised its position in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 35.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,060 shares of the company's stock after acquiring 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whittier Trust Co. acquired a new stake in shares of Stevanato Group during the first quarter worth $27,000. Johnson Financial Group Inc. purchased a new position in shares of Stevanato Group during the fourth quarter worth $41,000. Van Berkom & Associates Inc. raised its holdings in shares of 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 purchasing an additional 600 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Stevanato Group by 680.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,246 shares of the company's stock valued at $71,000 after buying an additional 2,830 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Stevanato Group by 202.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company's stock valued at $162,000 after buying an additional 4,965 shares in the last quarter.

Stevanato Group Trading Down 3.0%

Shares of Stevanato Group stock traded down €0.69 on Friday, reaching €22.16. The company had a trading volume of 203,199 shares, compared to its average volume of 338,410. Stevanato Group S.p.A. has a 52-week low of €17.12 and a 52-week high of €28.00. The firm's 50 day moving average price is €24.36 and its two-hundred day moving average price is €22.49. The firm has a market cap of $6.71 billion, a PE ratio of 41.04, a PEG ratio of 2.16 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.22 and a current ratio of 1.79.

Wall Street Analysts Forecast Growth

Separately, William Blair reissued an "outperform" rating on shares of Stevanato Group in a research note 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

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.