Stevanato Group S.p.A. (NYSE:STVN) Shares Bought by Granahan Investment Management LLC

Granahan Investment Management LLC lifted its stake in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 95.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226,401 shares of the company's stock after purchasing an additional 110,418 shares during the period. Granahan Investment Management LLC owned about 0.07% of Stevanato Group worth $4,933,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Conestoga Capital Advisors LLC lifted its position in shares of Stevanato Group by 5.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 8,082,996 shares of the company's stock worth $176,128,000 after purchasing an additional 407,086 shares during the period. TimesSquare Capital Management LLC raised its stake in Stevanato Group by 114.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,288,529 shares of the company's stock worth $71,657,000 after buying an additional 1,756,100 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Stevanato Group by 28.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company's stock worth $51,333,000 after buying an additional 524,989 shares in the last quarter. Bamco Inc. NY lifted its holdings in Stevanato Group by 7.9% during the fourth quarter. Bamco Inc. NY now owns 1,818,181 shares of the company's stock worth $39,618,000 after buying an additional 133,000 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in Stevanato Group by 56.3% during the 4th quarter. Teacher Retirement System of Texas now owns 1,250,000 shares of the company's stock valued at $27,238,000 after acquiring an additional 450,000 shares in the last quarter.

Stevanato Group Stock Up 3.2%

Shares of STVN traded up €0.76 ($0.85) during midday trading on Tuesday, hitting €24.42 ($27.44). 374,000 shares of the company's stock traded hands, compared to its average volume of 350,972. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 51.96, a price-to-earnings-growth ratio of 7.18 and a beta of 0.51. The firm's fifty day moving average is €21.30 and its 200-day moving average is €21.08. Stevanato Group S.p.A. has a 1 year low of €16.56 ($18.61) and a 1 year high of €24.90 ($27.98).

Stevanato Group (NYSE:STVN - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported €0.20 ($0.22) earnings per share (EPS) for the quarter, meeting the consensus estimate of €0.20 ($0.22). The firm had revenue of €352.68 million for the quarter, compared to the consensus estimate of €346.26 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. As a group, sell-side analysts anticipate that Stevanato Group S.p.A. will post 0.5 earnings per share for the current year.

Stevanato Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 5th will be given a $0.0613 dividend. This represents a dividend yield of 0.3%. This is an increase from Stevanato Group's previous annual dividend of $0.05. The ex-dividend date is Thursday, June 5th. Stevanato Group's dividend payout ratio is presently 11.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group reduced their price target on Stevanato Group from $24.00 to $23.50 and set a "neutral" rating for the company in a research report on Friday, March 7th. Stephens upgraded Stevanato Group to a "strong-buy" rating in a research note on Monday, April 21st. Finally, William Blair reissued an "outperform" rating on shares of Stevanato Group in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of €25.70 ($28.88).

Stevanato Group Company 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.