Stevanato Group (NYSE:STVN) Trading Up 7.6% - What's Next?

Key Points

• Stevanato Group's stock price increased by 7.6%, reaching as high as €25.88 ($30.09) during trading, with a significant volume of 612,271 shares exchanged, highlighting strong investor interest.
• Analysts maintain a "Moderate Buy" consensus rating with one Strong Buy, three Buy, and two Hold ratings, indicating positive sentiment toward the stock's performance.
• Recent institutional investments included significant new positions by firms such as Whittier Trust Co. and Twin Tree Management, with the State of Wyoming increasing its holdings by over 39,000%.

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) shares traded up 7.6% on Wednesday . The company traded as high as €25.88 ($30.45) and last traded at €24.38 ($28.68). 612,271 shares traded hands during trading, an increase of 81% from the average session volume of 338,086 shares. The stock had previously closed at €22.65 ($26.65).

Analysts Set New Price Targets

Separately, William Blair reissued an "outperform" rating on shares of Stevanato Group in a research report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Stevanato Group has an average rating of "Moderate Buy".

Stevanato Group Stock Up 4.7%

The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.25. The stock has a market cap of $7.31 billion, a PE ratio of 44.69, a P/E/G ratio of 2.17 and a beta of 0.55. The business has a 50 day moving average price of €24.07 and a 200 day moving average price of €22.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Conestoga Capital Advisors LLC lifted its position in shares of Stevanato Group by 1.3% during the 1st quarter. Conestoga Capital Advisors LLC now owns 8,189,926 shares of the company's stock valued at $167,238,000 after buying an additional 106,930 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Stevanato Group by 13.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,744,714 shares of the company's stock valued at $76,468,000 after buying an additional 439,722 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in Stevanato Group by 2.1% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,358,966 shares of the company's stock worth $68,590,000 after buying an additional 70,437 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Stevanato Group by 20.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,733,782 shares of the company's stock worth $66,786,000 after buying an additional 455,323 shares in the last quarter. Finally, Bamco Inc. NY increased its stake in Stevanato Group by 2.1% during the 2nd quarter. Bamco Inc. NY now owns 1,888,050 shares of the company's stock worth $46,125,000 after buying an additional 39,528 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.