Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at €21.03, but opened at €21.80. Stevanato Group shares last traded at €21.31, with a volume of 15,685 shares.
Wall Street Analysts Forecast Growth
STVN has been the subject of several recent research reports. Wolfe Research started coverage on Stevanato Group in a report on Tuesday, June 2nd. They issued an "outperform" rating and a $21.00 price target for the company. Weiss Ratings upgraded Stevanato Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday. Finally, TD Cowen raised Stevanato Group to a "strong-buy" rating in a research note on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy".
Get Our Latest Stock Analysis on Stevanato Group
Stevanato Group Stock Up 0.7%
The firm has a 50-day moving average of €19.99 and a two-hundred day moving average of €17.52. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.41 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77.
Stevanato Group (NYSE:STVN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported €0.14 EPS for the quarter, missing the consensus estimate of €0.15 by (€0.01). The business had revenue of €302.00 million during the quarter. Stevanato Group had a net margin of 10.99% and a return on equity of 10.43%. Equities research analysts predict that Stevanato Group S.p.A. will post 0.69 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Luciano Santel sold 2,023 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of €20.09, for a total value of €40,642.07. Following the sale, the director directly owned 4,739 shares of the company's stock, valued at approximately €95,206.51. The trade was a 29.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director William J. Federici sold 1,493 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of €17.09, for a total transaction of €25,515.37. Following the completion of the transaction, the director owned 26,991 shares in the company, valued at approximately €461,276.19. This represents a 5.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 14,249 shares of company stock valued at $268,346 over the last three months. Company insiders own 0.70% of the company's stock.
Institutional Trading of Stevanato Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming boosted its position in shares of Stevanato Group by 39,216.7% during the second quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $58,000 after buying an additional 2,353 shares during the period. GW&K Investment Management LLC grew its stake in shares of Stevanato Group by 76.2% in the fourth quarter. GW&K Investment Management LLC now owns 2,440 shares of the company's stock valued at $49,000 after buying an additional 1,055 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Stevanato Group in the 3rd quarter valued at $68,000. Fifth Third Bancorp lifted its stake in Stevanato Group by 22.6% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company's stock worth $58,000 after acquiring an additional 773 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Stevanato Group by 1,268.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the company's stock worth $112,000 after acquiring an additional 4,250 shares in the last quarter.
About Stevanato Group
(
Get Free Report)
Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.
In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.
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