Stevanato Group (NYSE:STVN) Sees Large Volume Increase – Should You Buy?

Stevanato Group S.p.A. (NYSE:STVN – Get Free Report) saw strong trading volume on Wednesday. 625,050 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 516,235 shares. The stock last traded at €13.69 and had previously closed at €14.10.

Analyst Upgrades and Downgrades

STVN has been the subject of several research analyst reports. Weiss Ratings upgraded Stevanato Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Citigroup reduced their price objective on Stevanato Group from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday. UBS Group decreased their price objective on Stevanato Group from $23.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on Stevanato Group in a research report on Wednesday, October 7th. They set a “hold” rating for the company. Finally, William Blair lowered shares of Stevanato Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Stevanato Group presently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on Stevanato Group

Stevanato Group Stock Up 0.9%

The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of €19.98 and a two-hundred day simple moving average of €18.03. The company has a market capitalization of $4.04 billion, a P/E ratio of 22.91, a PEG ratio of 1.15 and a beta of 0.80.

Stevanato Group (NYSE:STVN – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported €0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of €0.17 by (€0.01). The company had revenue of €326.06 million during the quarter. Stevanato Group had a net margin of 11.24% and a return on equity of 10.51%. As a group, equities analysts predict that Stevanato Group S.p.A. will post 0.66 EPS for the current year.

Insiders Place Their Bets

In related news, insider Mauro Stocchi sold 13,649 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of €21.50, for a total value of €293,453.50. Following the completion of the sale, the insider directly owned 400,000 shares in the company, valued at €8,600,000. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Stevanato Group

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in Stevanato Group by 2.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 274,637 shares of the company’s stock valued at $5,762,000 after acquiring an additional 6,542 shares during the last quarter. Riverbridge Partners LLC increased its stake in Stevanato Group by 4.2% in the third quarter. Riverbridge Partners LLC now owns 625,914 shares of the company’s stock worth $13,132,000 after purchasing an additional 25,400 shares during the period. State of Wyoming bought a new stake in shares of Stevanato Group during the third quarter worth $75,000. Schwartz Investment Counsel Inc. lifted its position in shares of Stevanato Group by 15.0% during the third quarter. Schwartz Investment Counsel Inc. now owns 661,136 shares of the company’s stock worth $13,871,000 after purchasing an additional 86,385 shares during the last quarter. Finally, PineStone Asset Management Inc. boosted its stake in shares of Stevanato Group by 8.4% during the third quarter. PineStone Asset Management Inc. now owns 41,335 shares of the company’s stock valued at $867,000 after purchasing an additional 3,200 shares during the period.

About Stevanato Group

(Get Free Report)

Stevanato Group S.p.A. is an Italy-based provider of drug-containment and drug-delivery solutions for the pharmaceutical, biotechnology and healthcare industries. Founded in 1949, the company has developed from a glass-packaging manufacturer into an integrated supplier serving customers throughout the global pharmaceutical supply chain.

The company manufactures primary packaging products, including glass vials, syringes, cartridges and ampoules, as well as components and systems used to contain and administer injectable medicines.

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