Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as €25.99 ($30.22) and last traded at €25.87 ($30.08), with a volume of 26715 shares trading hands. The stock had previously closed at €25.26 ($29.37).
Analysts Set New Price Targets
STVN has been the topic of a number of recent analyst reports. Stephens raised Stevanato Group to a "strong-buy" rating in a report on Monday, April 21st. William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a report on Monday, June 30th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Stevanato Group currently has an average rating of "Moderate Buy" and a consensus price target of €25.70 ($29.88).
View Our Latest Stock Analysis on STVN
Stevanato Group Stock Performance
The stock has a fifty day moving average price of €23.72 and a two-hundred day moving average price of €22.09. The company has a market cap of $7.62 billion, a P/E ratio of 49.33, a PEG ratio of 2.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.83 and a quick ratio of 1.26.
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 issued a dividend of $0.0613 per share. This is a boost from Stevanato Group's previous annual dividend of $0.05. The ex-dividend date of this dividend is Thursday, June 5th. This represents a yield of 0.3%.
Institutional Investors Weigh In On Stevanato Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its holdings in Stevanato Group by 1.3% during the first quarter. Conestoga Capital Advisors LLC now owns 8,189,926 shares of the company's stock worth $167,238,000 after purchasing an additional 106,930 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Stevanato Group by 13.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,744,714 shares of the company's stock worth $76,468,000 after purchasing an additional 439,722 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in Stevanato Group by 2.1% during the first quarter. TimesSquare Capital Management LLC now owns 3,358,966 shares of the company's stock worth $68,590,000 after purchasing an additional 70,437 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Stevanato Group by 28.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company's stock worth $51,333,000 after purchasing an additional 524,989 shares in the last quarter. Finally, Bamco Inc. NY raised 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 purchasing an additional 133,000 shares in the last quarter.
Stevanato Group Company Profile
(
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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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