Stevanato Group (NYSE:STVN) Reaches New 12-Month High - What's Next?

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as €25.99 ($30.58) and last traded at €25.87 ($30.44), with a volume of 26715 shares. The stock had previously closed at €25.26 ($29.72).

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. William Blair reiterated an "outperform" rating on shares of Stevanato Group in a research note on Monday, June 30th. Stephens upgraded Stevanato Group to a "strong-buy" rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Stevanato Group has an average rating of "Moderate Buy" and an average price target of €25.70 ($30.24).

Stevanato Group Trading Up 2.1%

The business has a 50 day moving average of €23.54 and a two-hundred day moving average of €22.03. The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.81 billion, a P/E ratio of 50.55, a PEG ratio of 2.34 and a beta of 0.55.

Stevanato Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 5th will be given 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 Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Hancock Whitney Corp increased its position in shares of Stevanato Group by 4.8% in the first quarter. Hancock Whitney Corp now owns 11,482 shares of the company's stock worth $234,000 after purchasing an additional 528 shares during the period. Van Berkom & Associates Inc. boosted its stake in Stevanato Group by 33.3% in the first quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company's stock valued at $49,000 after buying an additional 600 shares in the last quarter. First Bank & Trust boosted its stake in shares of Stevanato Group by 6.2% during the second quarter. First Bank & Trust now owns 16,142 shares of the company's stock valued at $394,000 after purchasing an additional 944 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Stevanato Group by 7.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,878 shares of the company's stock valued at $283,000 after purchasing an additional 1,004 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Stevanato Group by 17.9% during the fourth quarter. US Bancorp DE now owns 8,527 shares of the company's stock valued at $186,000 after purchasing an additional 1,295 shares in the last quarter.

About Stevanato Group

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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