TimesSquare Capital Management LLC boosted its holdings in Stevanato Group S.p.A. (NYSE:STVN – Free Report) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,500,321 shares of the company’s stock after buying an additional 232,645 shares during the period. TimesSquare Capital Management LLC’s holdings in Stevanato Group were worth $70,426,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. State of Wyoming increased its position in shares of Stevanato Group by 39,216.7% during the second quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after purchasing an additional 2,353 shares during the period. Quantbot Technologies LP bought a new stake in shares of Stevanato Group during the third quarter valued at approximately $68,000. Van Berkom & Associates Inc. increased its position in shares of Stevanato Group by 50.6% during the third quarter. Van Berkom & Associates Inc. now owns 3,615 shares of the company’s stock valued at $93,000 after purchasing an additional 1,215 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Stevanato Group by 1,268.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the company’s stock valued at $112,000 after purchasing an additional 4,250 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Stevanato Group by 391.4% during the fourth quarter. Farther Finance Advisors LLC now owns 8,324 shares of the company’s stock valued at $167,000 after purchasing an additional 6,630 shares during the period.
Stevanato Group Price Performance
Shares of STVN stock opened at €17.80 on Tuesday. The stock’s fifty day simple moving average is €15.49 and its 200 day simple moving average is €18.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.63 and a quick ratio of 1.11. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 1.66 and a beta of 0.75. Stevanato Group S.p.A. has a one year low of €12.89 and a one year high of €28.00.
Analysts Set New Price Targets
STVN has been the topic of a number of research reports. Citigroup lowered their price objective on Stevanato Group from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings cut Stevanato Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. Jefferies Financial Group set a $17.50 price objective on Stevanato Group in a research report on Tuesday, February 10th. Morgan Stanley lowered their price objective on Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Finally, Wall Street Zen cut Stevanato Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Stock Report on Stevanato Group
Stevanato Group Company Profile
Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.
In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.
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