Artisan Partners Limited Partnership Has $67.29 Million Stock Holdings in Stevanato Group S.p.A. $STVN

Artisan Partners Limited Partnership trimmed its position in shares of Stevanato Group S.p.A. (NYSE:STVN) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,613,242 shares of the company’s stock after selling 120,540 shares during the period. Artisan Partners Limited Partnership owned about 0.86% of Stevanato Group worth $67,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ranger Investment Management L.P. raised its stake in shares of Stevanato Group by 125.6% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,321,030 shares of the company’s stock worth $32,273,000 after purchasing an additional 735,417 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Stevanato Group in the second quarter worth approximately $13,729,000. Champlain Investment Partners LLC raised its position in Stevanato Group by 68.7% during the second quarter. Champlain Investment Partners LLC now owns 1,300,799 shares of the company’s stock valued at $31,779,000 after acquiring an additional 529,950 shares in the last quarter. Cooper Investors PTY Ltd. lifted its stake in Stevanato Group by 251.7% in the third quarter. Cooper Investors PTY Ltd. now owns 590,308 shares of the company’s stock valued at $15,200,000 after acquiring an additional 422,478 shares during the last quarter. Finally, Pembroke Management LTD grew its position in Stevanato Group by 24.8% in the second quarter. Pembroke Management LTD now owns 1,146,506 shares of the company’s stock worth $28,009,000 after acquiring an additional 227,629 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STVN. Jefferies Financial Group set a $17.50 price target on shares of Stevanato Group in a report on Tuesday, February 10th. Morgan Stanley assumed coverage on Stevanato Group in a report on Monday, December 1st. They set an “equal weight” rating and a $24.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Stevanato Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Stevanato Group Trading Up 1.5%

Shares of NYSE:STVN opened at €15.53 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89. The stock’s 50-day moving average is €18.09 and its 200-day moving average is €21.88. The company has a market cap of $4.70 billion, a P/E ratio of 27.25, a P/E/G ratio of 1.22 and a beta of 0.58. Stevanato Group S.p.A. has a 52-week low of €13.91 and a 52-week high of €28.00.

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.