Stevanato Group (NYSE:STVN) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Stevanato Group's stock has received a "hold (C)" rating from Weiss Ratings, with other firms like William Blair maintaining an "outperform" rating.
• The stock traded up 2.2% to €24.58, with a market cap of $7.44 billion and a one-year high of €28.00.
• Notable institutional investments include a dramatic increase in position by the State of Wyoming, which grew by 39,216.7% in the second quarter.

Stevanato Group (NYSE:STVN - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, William Blair restated an "outperform" rating on shares of Stevanato Group in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Stevanato Group Trading Up 2.2%

STVN stock traded up €0.52 during midday trading on Wednesday, hitting €24.58. 305,500 shares of the company's stock were exchanged, compared to its average volume of 353,736. The stock's fifty day moving average price is €24.49 and its 200-day moving average price is €23.54. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.22 and a current ratio of 1.79. The company has a market cap of $7.44 billion, a PE ratio of 45.52, a price-to-earnings-growth ratio of 2.27 and a beta of 0.57. Stevanato Group has a one year low of €17.12 and a one year high of €28.00.

Institutional Trading of Stevanato Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. bought a new stake in Stevanato Group during the first quarter worth about $27,000. Twin Tree Management LP acquired a new position in Stevanato Group during the first quarter worth approximately $29,000. SVB Wealth LLC acquired a new position in Stevanato Group during the first quarter worth approximately $46,000. Van Berkom & Associates Inc. increased its position in Stevanato Group by 33.3% during the first quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company's stock worth $49,000 after buying an additional 600 shares during the last quarter. Finally, State of Wyoming increased its position in 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 last quarter.

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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