Stevanato Group S.p.A. (NYSE:STVN - Get Free Report)'s share price fell 4.7% during mid-day trading on Thursday . The company traded as low as €23.24 ($27.02) and last traded at €23.61 ($27.45). 196,134 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 334,048 shares. The stock had previously closed at €24.77 ($28.80).
Wall Street Analyst Weigh In
A number of research firms have weighed in on STVN. Stephens upgraded shares of Stevanato Group to a "strong-buy" rating in a research 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 for the company in a research report on Friday, March 7th. Finally, William Blair reiterated an "outperform" rating on shares of Stevanato Group in a report on Friday, March 7th. Two investment 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 a consensus rating of "Moderate Buy" and a consensus target price of €25.70 ($29.88).
Read Our Latest Analysis on Stevanato Group
Stevanato Group Stock Performance
The company has a market cap of $7.15 billion, a PE ratio of 50.21, a PEG ratio of 7.18 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81. The firm's 50 day moving average is €22.34 and its 200-day moving average is €21.59.
Stevanato Group Increases Dividend
The business also recently announced an annual dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 5th will be issued a $0.0613 dividend. This is a boost from Stevanato Group's previous annual dividend of $0.05. This represents a yield of 0.3%. The ex-dividend date of this dividend is Thursday, June 5th. Stevanato Group's dividend payout ratio is presently 11.76%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Whittier Trust Co. acquired a new position in Stevanato Group in the 1st quarter valued at about $27,000. Twin Tree Management LP purchased a new stake in shares of Stevanato Group during the 1st quarter valued at approximately $29,000. Van Berkom & Associates Inc. acquired a new position in Stevanato Group in the fourth quarter valued at approximately $39,000. Johnson Financial Group Inc. purchased a new position in Stevanato Group in the fourth quarter worth approximately $41,000. Finally, SVB Wealth LLC purchased a new position in Stevanato Group in the first quarter worth approximately $46,000.
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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