Frontier Capital Management Co. LLC Purchases 913,019 Shares of Stevanato Group S.p.A. (NYSE:STVN)

Frontier Capital Management Co. LLC increased its stake in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 1,012.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,003,235 shares of the company's stock after acquiring an additional 913,019 shares during the period. Frontier Capital Management Co. LLC owned 0.33% of Stevanato Group worth $21,860,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Conestoga Capital Advisors LLC lifted its holdings in shares of Stevanato Group by 5.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 8,082,996 shares of the company's stock worth $176,128,000 after acquiring an additional 407,086 shares during the period. TimesSquare Capital Management LLC boosted its stake in Stevanato Group by 114.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,288,529 shares of the company's stock valued at $71,657,000 after acquiring an additional 1,756,100 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Stevanato Group by 28.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company's stock worth $51,333,000 after purchasing an additional 524,989 shares during the period. Bamco Inc. NY increased its holdings in Stevanato Group by 7.9% in the fourth quarter. Bamco Inc. NY now owns 1,818,181 shares of the company's stock valued at $39,618,000 after purchasing an additional 133,000 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Stevanato Group by 56.3% in the 4th quarter. Teacher Retirement System of Texas now owns 1,250,000 shares of the company's stock valued at $27,238,000 after acquiring an additional 450,000 shares during the last quarter.

Stevanato Group Stock Down 2.9%

STVN traded down €0.71 ($0.80) on Wednesday, hitting €23.71 ($26.64). 89,118 shares of the company were exchanged, compared to its average volume of 348,016. The stock's fifty day moving average is €21.30 and its 200-day moving average is €21.08. Stevanato Group S.p.A. has a 12 month low of €16.56 ($18.61) and a 12 month high of €24.96 ($28.04). 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 company has a market cap of $7.18 billion, a PE ratio of 50.45, a PEG ratio of 7.18 and a beta of 0.51.

Stevanato Group (NYSE:STVN - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported €0.20 ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of €0.20 ($0.22). The firm had revenue of €352.68 million for the quarter, compared to analyst estimates of €346.26 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. Equities research analysts predict that Stevanato Group S.p.A. will post 0.5 EPS for the current fiscal year.

Stevanato Group Increases Dividend

The business also recently announced 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%. The ex-dividend date is Thursday, June 5th. This is a boost from Stevanato Group's previous annual dividend of $0.05. Stevanato Group's dividend payout ratio (DPR) is currently 11.76%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on STVN shares. UBS Group dropped their price target on Stevanato Group from $24.00 to $23.50 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Stephens raised shares of Stevanato Group to a "strong-buy" rating in a research report on Monday, April 21st. Finally, William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of €25.70 ($28.88).

Stevanato Group 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.