Stevanato Group (NYSE:STVN) Sets New 1-Year High - What's Next?

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 €25.88 ($30.09) and last traded at €25.76 ($29.95), with a volume of 105974 shares. The stock had previously closed at €25.25 ($29.36).

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Stephens upgraded Stevanato Group to a "strong-buy" rating in a report on Monday, April 21st. UBS Group reduced their price target on shares of Stevanato Group from $24.00 to $23.50 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, William Blair restated an "outperform" rating on shares of Stevanato Group in a report on Friday, March 7th. Two equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of €25.70 ($29.88).

Stevanato Group Stock Down 0.0%

The firm's 50 day moving average price is €22.90 and its two-hundred day moving average price is €21.84. 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 company has a market capitalization of $7.64 billion, a P/E ratio of 49.49, a PEG ratio of 2.35 and a beta of 0.53.

Stevanato Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.0613 per share. This represents a dividend yield of 0.3%. This is an increase from Stevanato Group's previous annual dividend of $0.05. The ex-dividend date is Thursday, June 5th.

Institutional Trading of Stevanato Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hancock Whitney Corp increased its position in shares of Stevanato Group by 4.8% during the 1st 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 last quarter. Van Berkom & Associates Inc. raised 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 acquiring an additional 600 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Stevanato Group by 7.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,878 shares of the company's stock worth $283,000 after acquiring an additional 1,004 shares in the last quarter. Truist Financial Corp lifted its stake in Stevanato Group by 4.2% in the fourth quarter. Truist Financial Corp now owns 26,900 shares of the company's stock valued at $586,000 after acquiring an additional 1,073 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Stevanato Group by 17.9% in the 4th quarter. US Bancorp DE now owns 8,527 shares of the company's stock valued at $186,000 after acquiring an additional 1,295 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.