Stevanato Group (NYSE:STVN) Director Sells €25,515.37 in Stock

Stevanato Group S.p.A. (NYSE:STVN) Director Donald Morel, Jr. sold 1,493 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of €17.09, for a total transaction of €25,515.37. Following the transaction, the director owned 37,424 shares of the company’s stock, valued at approximately €639,576.16. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Stock Down 0.3%

STVN stock opened at €17.79 on Monday. Stevanato Group S.p.A. has a twelve month low of €12.89 and a twelve month high of €28.00. The company has a quick ratio of 1.11, a current ratio of 1.63 and a debt-to-equity ratio of 0.21. The company has a market cap of $5.39 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.78. The business’s 50-day simple moving average is €17.47 and its 200 day simple moving average is €17.23.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings results on Friday, May 8th. The company reported €0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of €0.12 by (€0.01). The business had revenue of €273.57 million during the quarter. Stevanato Group had a net margin of 11.76% and a return on equity of 10.27%. Stevanato Group’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. On average, research analysts anticipate that Stevanato Group S.p.A. will post 0.68 earnings per share for the current year.

Stevanato Group Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Thursday, June 11th will be paid a $0.054 dividend. The ex-dividend date is Thursday, June 11th. This represents a dividend yield of 31.0%.

Hedge Funds Weigh In On Stevanato Group

Several hedge funds have recently added to or reduced their stakes in STVN. Fifth Third Bancorp boosted its holdings in Stevanato Group by 22.6% during the first quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock worth $58,000 after buying an additional 773 shares during the last quarter. First Bank & Trust increased its stake in shares of Stevanato Group by 5.6% in the 4th quarter. First Bank & Trust now owns 17,109 shares of the company’s stock valued at $344,000 after acquiring an additional 904 shares during the last quarter. GW&K Investment Management LLC increased its stake in shares of Stevanato Group by 76.2% in the 4th quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock valued at $49,000 after acquiring an additional 1,055 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Stevanato Group by 1.5% in the 3rd quarter. Pathstone Holdings LLC now owns 71,178 shares of the company’s stock valued at $1,833,000 after acquiring an additional 1,067 shares during the period. Finally, Mariner LLC raised its position in shares of Stevanato Group by 6.9% in the 3rd quarter. Mariner LLC now owns 25,447 shares of the company’s stock valued at $655,000 after acquiring an additional 1,638 shares during the period.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Stevanato Group in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 price target on the stock. Weiss Ratings upgraded shares of Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. TD Cowen raised shares of Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. KeyCorp reduced their target price on shares of Stevanato Group from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Finally, Citigroup decreased their price target on shares of Stevanato Group from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Stevanato Group currently has an average rating of “Buy”.

About Stevanato Group

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.