Royce & Associates LP Boosts Stake in Stevanato Group S.p.A. $STVN

Royce & Associates LP lifted its stake in shares of Stevanato Group S.p.A. (NYSE:STVN) by 20.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 301,224 shares of the company’s stock after acquiring an additional 50,689 shares during the period. Royce & Associates LP owned approximately 0.10% of Stevanato Group worth $7,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STVN. Farther Finance Advisors LLC purchased a new stake in Stevanato Group during the third quarter valued at about $44,000. First Horizon Corp bought a new position in shares of Stevanato Group during the 3rd quarter valued at about $50,000. State of Wyoming raised its holdings in shares of Stevanato Group by 39,216.7% during the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after buying an additional 2,353 shares in the last quarter. Quantbot Technologies LP bought a new stake in Stevanato Group in the 3rd quarter worth approximately $68,000. Finally, Van Berkom & Associates Inc. boosted its stake in Stevanato Group by 50.6% in the third quarter. Van Berkom & Associates Inc. now owns 3,615 shares of the company’s stock worth $93,000 after buying an additional 1,215 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on STVN shares. Jefferies Financial Group set a $17.50 price target on shares of Stevanato Group in a research note on Tuesday, February 10th. Morgan Stanley initiated coverage on shares of Stevanato Group in a research note on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Stevanato Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Stevanato Group Price Performance

Shares of Stevanato Group stock opened at €14.74 on Wednesday. The company’s fifty day simple moving average is €17.86 and its two-hundred day simple moving average is €21.78. Stevanato Group S.p.A. has a 12-month low of €13.91 and a 12-month high of €28.00. The firm has a market cap of $4.46 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 1.21 and a beta of 0.57. The company has a quick ratio of 1.30, a current ratio of 1.89 and a debt-to-equity ratio of 0.26.

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.