Vancity Investment Management Ltd Buys Shares of 52,642 Stevanato Group S.p.A. $STVN

Key Points

• Vancity Investment Management Ltd has acquired a new stake in Stevanato Group S.p.A. by purchasing 52,642 shares valued at approximately $1,075,000 during the first quarter.
• Several institutional investors have also shown interest in Stevanato Group, with notable new positions and increased holdings, reflecting a growing interest from the investment community.
• Wall Street analysts have a predominantly positive outlook on Stevanato Group, with an average rating of "Moderate Buy", and one analyst issuing a Strong Buy rating.

Vancity Investment Management Ltd acquired a new stake in Stevanato Group S.p.A. (NYSE:STVN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 52,642 shares of the company's stock, valued at approximately $1,075,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. bought a new stake in shares of Stevanato Group in the first quarter valued at about $27,000. Twin Tree Management LP acquired a new stake in Stevanato Group in the 1st quarter worth about $29,000. SVB Wealth LLC acquired a new stake in Stevanato Group in the 1st quarter worth about $46,000. Van Berkom & Associates Inc. boosted its holdings in Stevanato Group by 33.3% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company's stock valued at $49,000 after purchasing an additional 600 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Stevanato Group by 680.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,246 shares of the company's stock worth $71,000 after purchasing an additional 2,830 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, William Blair reiterated 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 assigned a Hold rating to the stock. Based on data from MarketBeat, Stevanato Group presently has an average rating of "Moderate Buy".

Stevanato Group Price Performance

STVN traded down €0.61 during trading on Wednesday, hitting €25.94. 835,600 shares of the stock traded hands, compared to its average volume of 349,405. The business has a 50 day moving average price of €24.15 and a 200 day moving average price of €22.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.79 and a quick ratio of 1.22. Stevanato Group S.p.A. has a twelve month low of €17.12 and a twelve month high of €28.00. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 48.04, a PEG ratio of 2.50 and a beta of 0.55.

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.