Frontier Capital Management Co. LLC Raises Stock Position in Stevanato Group S.p.A. (NYSE:STVN)

Frontier Capital Management Co. LLC boosted its position in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 1,012.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Several other hedge funds also recently bought and sold shares of the company. First Bank & Trust grew its stake in Stevanato Group by 7.3% during the fourth quarter. First Bank & Trust now owns 15,145 shares of the company's stock valued at $330,000 after acquiring an additional 1,036 shares in the last quarter. Truist Financial Corp grew its stake in Stevanato Group by 4.2% during 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 in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Stevanato Group by 9.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 12,874 shares of the company's stock valued at $281,000 after acquiring an additional 1,141 shares in the last quarter. US Bancorp DE grew its stake in Stevanato Group by 17.9% during the fourth 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 in the last quarter. Finally, Advisors Capital Management LLC grew its stake in Stevanato Group by 1.0% during the fourth quarter. Advisors Capital Management LLC now owns 170,776 shares of the company's stock valued at $3,721,000 after acquiring an additional 1,735 shares in the last quarter.

Wall Street Analysts Forecast Growth

STVN has been the subject of several research analyst reports. UBS Group dropped their target price 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. Stephens upgraded shares of Stevanato Group to a "strong-buy" rating in a research report on Monday, April 21st. Finally, William Blair reiterated an "outperform" rating on shares of Stevanato Group in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of €25.70 ($28.88).

Stevanato Group Trading Up 6.4%

Shares of STVN traded up €1.44 ($1.62) during mid-day trading on Friday, reaching €23.92 ($26.88). The company's stock had a trading volume of 685,300 shares, compared to its average volume of 351,034. The stock has a market cap of $7.24 billion, a PE ratio of 50.89, a P/E/G ratio of 7.18 and a beta of 0.51. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. Stevanato Group S.p.A. has a 52 week low of €16.56 ($18.61) and a 52 week high of €24.90 ($27.98). The company's fifty day moving average price is €21.12 and its two-hundred day moving average price is €21.00.

Stevanato Group (NYSE:STVN - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported €0.20 ($0.22) earnings per share for the quarter, hitting analysts' consensus estimates of €0.20 ($0.22). The firm had revenue of €352.68 million during 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%. On average, analysts predict that Stevanato Group S.p.A. will post 0.5 earnings per share for the current fiscal year.

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 issued a $0.0613 dividend. This represents a dividend yield of 0.3%. This is a positive change from Stevanato Group's previous annual dividend of $0.05. The ex-dividend date is Thursday, June 5th. Stevanato Group's payout ratio is presently 11.76%.

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.