Stevanato Group S.p.A. (NYSE:STVN) Short Interest Update

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,710,000 shares, a decline of 13.7% from the April 30th total of 3,140,000 shares. Approximately 5.5% of the company's stock are short sold. Based on an average daily volume of 346,600 shares, the short-interest ratio is currently 7.8 days.

Stevanato Group Stock Performance

Shares of NYSE:STVN traded up €0.56 ($0.64) during trading on Friday, reaching €23.80 ($27.05). 290,900 shares of the company's stock traded hands, compared to its average volume of 335,964. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. Stevanato Group has a 12 month low of €16.56 ($18.82) and a 12 month high of €25.75 ($29.26). The company has a 50 day moving average of €22.00 and a 200-day moving average of €21.47. The stock has a market capitalization of $7.21 billion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 7.18 and a beta of 0.53.

Stevanato Group (NYSE:STVN - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported €0.20 ($0.23) earnings per share for the quarter, meeting analysts' consensus estimates of €0.20 ($0.23). Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. The business had revenue of €352.68 million during the quarter, compared to the consensus estimate of €346.26 million. On average, equities analysts expect that Stevanato Group will post 0.5 EPS for the current year.

Stevanato Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.0613 per share. This represents a yield of 0.3%. This is a positive change from Stevanato Group's previous annual dividend of $0.05. The ex-dividend date of this dividend is Thursday, June 5th. Stevanato Group's payout ratio is presently 11.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Conestoga Capital Advisors LLC boosted its stake in 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 purchasing an additional 106,930 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in 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 purchasing an additional 439,722 shares during the period. TimesSquare Capital Management LLC boosted 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 valued at $68,590,000 after purchasing an additional 70,437 shares during the period. Artisan Partners Limited Partnership boosted its stake in Stevanato Group by 28.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company's stock valued at $51,333,000 after purchasing an additional 524,989 shares during the period. Finally, Bamco Inc. NY boosted its stake in Stevanato Group by 7.9% during the 4th 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 period.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on STVN shares. Stephens raised shares of Stevanato Group to a "strong-buy" rating in a research report on Monday, April 21st. 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. Finally, William Blair reissued 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 given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Stevanato Group has a consensus rating of "Moderate Buy" and an average target price of €25.70 ($29.20).

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.