T. Rowe Price Investment Management Inc. Has $76.47 Million Stock Holdings in Stevanato Group S.p.A. $STVN

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Stevanato Group S.p.A. by 13.3% in Q1, holding 3,744,714 shares valued at approximately $76.47 million.
• Multiple institutional investors, including Whittier Trust Co. and Wells Fargo, have recently adjusted their positions in Stevanato Group, indicating increased interest in the company.
• Stevanato Group has received a consensus rating of "Moderate Buy" from analysts, with one analyst stating a Strong Buy and others assigning Buy and Hold ratings.

T. Rowe Price Investment Management Inc. lifted its stake in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 13.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,744,714 shares of the company's stock after purchasing an additional 439,722 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.24% of Stevanato Group worth $76,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. acquired a new position in Stevanato Group during the first quarter valued at $27,000. Johnson Financial Group Inc. bought a new position in shares of Stevanato Group during the 4th quarter worth approximately $41,000. Van Berkom & Associates Inc. lifted its position in Stevanato Group by 33.3% during the 1st 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 raised its stake in shares of Stevanato Group by 680.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,246 shares of the company's stock worth $71,000 after acquiring an additional 2,830 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Stevanato Group by 202.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company's stock worth $162,000 after acquiring an additional 4,965 shares during the last quarter.

Stevanato Group Trading Up 4.0%

NYSE:STVN traded up €0.90 on Thursday, reaching €23.30. The company's stock had a trading volume of 206,063 shares, compared to its average volume of 336,133. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.22 and a current ratio of 1.79. The business's 50-day moving average price is €24.22 and its two-hundred day moving average price is €22.49. Stevanato Group S.p.A. has a 1-year low of €17.12 and a 1-year high of €28.00. The firm has a market cap of $7.06 billion, a PE ratio of 43.15, a PEG ratio of 2.04 and a beta of 0.55.

Wall Street Analyst Weigh In

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

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.