Teacher Retirement System of Texas reduced its position in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,020,000 shares of the company's stock after selling 230,000 shares during the period. Teacher Retirement System of Texas owned approximately 0.34% of Stevanato Group worth $20,828,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its holdings in Stevanato Group by 7.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,878 shares of the company's stock worth $283,000 after purchasing an additional 1,004 shares during the last quarter. US Bancorp DE increased its stake in Stevanato Group by 17.9% during the 4th quarter. US Bancorp DE now owns 8,527 shares of the company's stock worth $186,000 after acquiring an additional 1,295 shares during the period. Advisors Capital Management LLC increased its stake in Stevanato Group by 1.0% during the 4th quarter. Advisors Capital Management LLC now owns 170,776 shares of the company's stock worth $3,721,000 after acquiring an additional 1,735 shares during the period. Johnson Financial Group Inc. bought a new position in Stevanato Group during the 4th quarter worth $41,000. Finally, Natixis Advisors LLC increased its stake in Stevanato Group by 5.4% during the 4th quarter. Natixis Advisors LLC now owns 54,128 shares of the company's stock worth $1,179,000 after acquiring an additional 2,785 shares during the period.
Stevanato Group Price Performance
Shares of STVN traded up €0.68 ($0.80) during midday trading on Tuesday, hitting €25.03 ($29.45). The company's stock had a trading volume of 241,100 shares, compared to its average volume of 335,617. Stevanato Group S.p.A. has a one year low of €17.12 ($20.14) and a one year high of €25.88 ($30.45). The company's fifty day simple moving average is €23.45 and its two-hundred day simple moving average is €21.99. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 49.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.55.
Stevanato Group Increases Dividend
The firm 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. This is a positive change from Stevanato Group's previous annual dividend of $0.05. The ex-dividend date is Thursday, June 5th. This represents a dividend yield of 0.3%.
Analyst Ratings Changes
A number of equities analysts have commented on STVN shares. Stephens upgraded Stevanato Group to a "strong-buy" rating in a research note on Monday, April 21st. William Blair restated an "outperform" rating on shares of Stevanato Group in a research note on Monday, June 30th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Stevanato Group currently has a consensus rating of "Moderate Buy" and a consensus target price of €25.70 ($30.24).
Check Out Our Latest Research Report on STVN
Stevanato Group Company Profile
(
Free Report)
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.
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