Stevanato Group S.p.A. (NYSE:STVN) Receives Average Rating of “Moderate Buy” from Brokerages

Stevanato Group S.p.A. (NYSE:STVN) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company.

STVN has been the subject of several recent research reports. TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. Weiss Ratings cut shares of Stevanato Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Finally, Wolfe Research began coverage on shares of Stevanato Group in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $21.00 price objective for the company.

Insider Buying and Selling

In other news, Director William J. Federici sold 1,493 shares of Stevanato Group stock in a transaction on Monday, June 15th. The stock was sold at an average price of €17.09, for a total value of €25,515.37. Following the completion of the transaction, the director directly owned 26,991 shares in the company, valued at approximately €461,276.19. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Donald E. Morel, Jr. sold 1,493 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of €17.09, for a total value of €25,515.37. Following the sale, the director owned 37,424 shares in the company, valued at approximately €639,576.16. The trade was a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 5,972 shares of company stock worth $102,061. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cooper Investors PTY Ltd. increased its holdings in shares of Stevanato Group by 17.8% in the fourth quarter. Cooper Investors PTY Ltd. now owns 695,245 shares of the company’s stock worth $13,988,000 after purchasing an additional 104,937 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of Stevanato Group by 7.6% in the first quarter. Conestoga Capital Advisors LLC now owns 8,491,751 shares of the company’s stock worth $116,762,000 after buying an additional 602,050 shares in the last quarter. Jennison Associates LLC boosted its stake in Stevanato Group by 13.7% during the fourth quarter. Jennison Associates LLC now owns 1,772,896 shares of the company’s stock valued at $35,671,000 after buying an additional 213,602 shares during the period. Kornitzer Capital Management Inc. KS bought a new stake in Stevanato Group during the first quarter valued at $1,856,000. Finally, Royce & Associates LP grew its position in Stevanato Group by 63.7% during the fourth quarter. Royce & Associates LP now owns 493,023 shares of the company’s stock worth $9,920,000 after buying an additional 191,799 shares in the last quarter.

Stevanato Group Trading Down 4.4%

Shares of STVN opened at €19.21 on Friday. Stevanato Group has a fifty-two week low of €12.89 and a fifty-two week high of €28.00. The business has a 50-day moving average of €18.24 and a 200 day moving average of €17.08. The firm has a market cap of $5.82 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 1.85 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.63.

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

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.