AMI Asset Management Corp Sells 22,532 Shares of Stevanato Group S.p.A. $STVN

AMI Asset Management Corp trimmed its stake in Stevanato Group S.p.A. (NYSE:STVN) by 46.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 26,083 shares of the company’s stock after selling 22,532 shares during the period. AMI Asset Management Corp’s holdings in Stevanato Group were worth $637,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Truist Financial Corp lifted its stake in shares of Stevanato Group by 9.5% in the 2nd quarter. Truist Financial Corp now owns 32,029 shares of the company’s stock valued at $782,000 after purchasing an additional 2,781 shares during the last quarter. Diversified Trust Co bought a new stake in shares of Stevanato Group in the 2nd quarter valued at approximately $352,000. Cooper Investors PTY Ltd. lifted its stake in shares of Stevanato Group by 22.0% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 167,830 shares of the company’s stock valued at $4,100,000 after purchasing an additional 30,225 shares during the last quarter. First Bank & Trust lifted its stake in shares of Stevanato Group by 6.2% during the 2nd quarter. First Bank & Trust now owns 16,142 shares of the company’s stock worth $394,000 after acquiring an additional 944 shares during the last quarter. Finally, Vancity Investment Management Ltd bought a new stake in shares of Stevanato Group during the 1st quarter worth approximately $1,075,000.

Wall Street Analysts Forecast Growth

Separately, William Blair reissued an “outperform” rating on shares of Stevanato Group in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Stevanato Group Trading Up 2.3%

STVN opened at €26.36 on Thursday. The stock’s fifty day moving average is €24.57 and its two-hundred day moving average is €23.42. The company has a market capitalization of $7.98 billion, a P/E ratio of 48.81, a PEG ratio of 2.43 and a beta of 0.57. Stevanato Group S.p.A. has a 52 week low of €17.12 and a 52 week high of €28.00. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.25.

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.