AMI Asset Management Corp Trims Position in Stevanato Group S.p.A. (NYSE:STVN)

AMI Asset Management Corp lessened its stake in Stevanato Group S.p.A. (NYSE:STVN) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,615 shares of the company’s stock after selling 1,341 shares during the period. AMI Asset Management Corp’s holdings in Stevanato Group were worth $993,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. purchased a new position in shares of Stevanato Group in the 4th quarter worth approximately $41,000. Wells Fargo & Company MN lifted its position in Stevanato Group by 680.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,246 shares of the company’s stock valued at $71,000 after acquiring an additional 2,830 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Stevanato Group by 1,457.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the company’s stock valued at $123,000 after acquiring an additional 5,291 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Stevanato Group by 202.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company’s stock valued at $162,000 after acquiring an additional 4,965 shares during the last quarter. Finally, US Bancorp DE lifted its position 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 during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on STVN shares. UBS Group decreased 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. William Blair reissued an “outperform” rating on shares of Stevanato Group in a research report on Friday, March 7th. Finally, Stephens raised shares of Stevanato Group to a “strong-buy” rating in a research report on Monday, April 21st. Two research 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. According to MarketBeat, Stevanato Group has a consensus rating of “Moderate Buy” and an average price target of €25.70 ($29.88).

Stevanato Group Stock Up 2.9%

STVN stock opened at €25.31 ($29.43) on Thursday. The firm has a 50 day moving average of €22.90 and a 200 day moving average of €21.84. The stock has a market capitalization of $7.66 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 2.35 and a beta of 0.53. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. Stevanato Group S.p.A. has a 52 week low of €16.85 ($19.59) and a 52 week high of €25.75 ($29.94).

Stevanato Group Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 5th will be paid a $0.0613 dividend. The ex-dividend date is Thursday, June 5th. This is a boost from Stevanato Group’s previous annual dividend of $0.05. This represents a yield of 0.3%.

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.