Stevanato Group S.p.A. $STVN Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its position in shares of Stevanato Group S.p.A. (NYSE:STVN) by 35.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,060 shares of the company’s stock after buying an additional 30,339 shares during the period. LPL Financial LLC’s holdings in Stevanato Group were worth $2,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van Berkom & Associates Inc. raised its stake in shares of Stevanato Group by 33.3% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company’s stock valued at $49,000 after acquiring an additional 600 shares during the period. Jennison Associates LLC increased its holdings in Stevanato Group by 27.9% in the 1st quarter. Jennison Associates LLC now owns 1,188,057 shares of the company’s stock valued at $24,260,000 after purchasing an additional 259,231 shares in the last quarter. Whittier Trust Co. purchased a new position in Stevanato Group in the first quarter valued at about $27,000. TimesSquare Capital Management LLC lifted its stake in shares of Stevanato Group by 2.1% during the first quarter. TimesSquare Capital Management LLC now owns 3,358,966 shares of the company’s stock worth $68,590,000 after purchasing an additional 70,437 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Stevanato Group by 4.4% during the first quarter. Mutual of America Capital Management LLC now owns 663,734 shares of the company’s stock worth $13,553,000 after purchasing an additional 28,203 shares in the last quarter.

Stevanato Group Trading Down 0.5%

Shares of STVN stock opened at €22.50 ($26.16) on Tuesday. The stock has a fifty day moving average of €24.46 and a two-hundred day moving average of €22.48. The firm has a market capitalization of $6.81 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 2.13 and a beta of 0.55. Stevanato Group S.p.A. has a 1 year low of €17.12 ($19.91) and a 1 year high of €28.00 ($32.56). The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.22 and a current ratio of 1.79.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stephens upgraded Stevanato Group to a “strong-buy” rating in a report on Monday, April 21st. William Blair restated an “outperform” rating on shares of Stevanato Group in a research note on Monday, June 30th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Stevanato Group currently has a consensus rating of “Moderate Buy” and an average price target of €25.13 ($29.22).

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.