Intrust Bank NA Acquires New Position in Stevanato Group S.p.A. $STVN

Intrust Bank NA bought a new position in Stevanato Group S.p.A. (NYSE:STVN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,113 shares of the company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STVN. T. Rowe Price Investment Management Inc. increased its position in shares of Stevanato Group by 13.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,744,714 shares of the company’s stock valued at $76,468,000 after acquiring an additional 439,722 shares in the last quarter. Pembroke Management LTD boosted its stake in Stevanato Group by 24.8% during the 2nd quarter. Pembroke Management LTD now owns 1,146,506 shares of the company’s stock valued at $28,009,000 after purchasing an additional 227,629 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Stevanato Group in the 1st quarter worth $19,072,000. Champlain Investment Partners LLC purchased a new position in shares of Stevanato Group in the first quarter worth $15,741,000. Finally, Mutual of America Capital Management LLC raised its stake in shares of Stevanato Group by 6.5% in the second quarter. Mutual of America Capital Management LLC now owns 707,123 shares of the company’s stock worth $17,275,000 after purchasing an additional 43,389 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on STVN shares. Morgan Stanley lifted their price objective on Stevanato Group from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stevanato Group in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Stevanato Group currently has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Performance

Shares of STVN opened at €20.91 on Wednesday. The firm has a market capitalization of $6.33 billion, a P/E ratio of 36.69, a PEG ratio of 2.11 and a beta of 0.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.30. Stevanato Group S.p.A. has a one year low of €17.72 and a one year high of €28.00. The business has a fifty day moving average of €25.19 and a 200 day moving average of €24.31.

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.