Stevanato Group (NYSE:STVN) Director William Federici Sells 1,493 Shares of Stock

Stevanato Group S.p.A. (NYSE:STVN) Director William Federici sold 1,493 shares of Stevanato Group stock in a transaction dated 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 sale, the director directly owned 26,991 shares of the company’s stock, valued at approximately €461,276.19. This trade represents a 5.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Stock Performance

Shares of STVN stock opened at €18.36 on Friday. The firm’s 50 day moving average is €17.41 and its 200 day moving average is €17.26. The stock has a market capitalization of $5.56 billion, a P/E ratio of 31.11, a PEG ratio of 1.59 and a beta of 0.78. Stevanato Group S.p.A. has a 12 month low of €12.89 and a 12 month high of €28.00. The company has a current ratio of 1.63, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21.

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

Stevanato Group Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on STVN shares. TD Cowen raised Stevanato Group to a “strong-buy” rating in a report on Wednesday, June 17th. KeyCorp reduced their target price on Stevanato Group from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Wolfe Research assumed coverage on shares of Stevanato Group in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $21.00 price target on the stock. Morgan Stanley cut their price objective on shares of Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Finally, Citigroup reduced their price objective on shares of Stevanato Group from $32.00 to $26.00 and set a “buy” rating for the company 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, Stevanato Group has an average rating of “Buy”.

Hedge Funds Weigh In On Stevanato Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming increased its stake in Stevanato Group by 39,216.7% in the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock worth $58,000 after acquiring an additional 2,353 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Stevanato Group by 76.2% during 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. Quantbot Technologies LP bought a new stake in shares of Stevanato Group during the 3rd quarter valued at about $68,000. Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 773 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Stevanato Group by 1,268.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the company’s stock worth $112,000 after purchasing an additional 4,250 shares in the last quarter.

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.