Stevanato Group (NYSE:STVN) Reaches New 1-Year High - Here's What Happened

Key Points

• Stevanato Group's stock reached a new 52-week high at €28.32 ($32.93) during Friday's trading, closing higher than its previous value of €27.61 ($32.10).
• Research analysts have assigned a consensus rating of "Moderate Buy" for the stock, with ratings including one Strong Buy, three Buys, and three Holds.
• Institutional investors have significantly increased their holdings, with Bessemer Group increasing its stake by over 14,600% in the first quarter.

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as €28.32 ($32.93) and last traded at €28.32 ($32.93), with a volume of 10900 shares changing hands. The stock had previously closed at €27.61 ($32.10).

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on STVN shares. William Blair restated an "outperform" rating on shares of Stevanato Group in a research note on Monday, June 30th. Weiss Ratings restated a "hold (c)" rating on shares of Stevanato Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Stevanato Group Trading Down 1.3%

The stock has a 50-day simple moving average of €24.80 and a 200 day simple moving average of €23.88. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 2.44 and a beta of 0.57.

Institutional Trading of Stevanato Group

Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. boosted its stake in shares of Stevanato Group by 14,623.3% in the first quarter. Bessemer Group Inc. now owns 13,251 shares of the company's stock worth $270,000 after buying an additional 13,161 shares during the last quarter. Palisade Capital Management LP boosted its stake in shares of Stevanato Group by 52.0% in the first quarter. Palisade Capital Management LP now owns 91,431 shares of the company's stock worth $1,867,000 after buying an additional 31,283 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Stevanato Group by 16.9% in the first quarter. Envestnet Asset Management Inc. now owns 162,770 shares of the company's stock worth $3,324,000 after buying an additional 23,545 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Stevanato Group by 77.4% in the first quarter. Raymond James Financial Inc. now owns 468,475 shares of the company's stock worth $9,566,000 after buying an additional 204,391 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in Stevanato Group by 19.3% in the 1st quarter. Peregrine Capital Management LLC now owns 436,860 shares of the company's stock worth $8,921,000 after purchasing an additional 70,782 shares during the period.

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.

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