Stevanato Group (NYSE:STVN) CFO Sells €84,558.81 in Stock

Stevanato Group S.p.A. (NYSE:STVN) CFO Lago Marco Dal sold 4,209 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of €20.09, for a total transaction of €84,558.81. Following the completion of the transaction, the chief financial officer directly owned 81,144 shares of the company’s stock, valued at approximately €1,630,182.96. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Trading Up 0.1%

Shares of STVN stock opened at €21.27 on Thursday. Stevanato Group S.p.A. has a fifty-two week low of €12.89 and a fifty-two week high of €28.00. The company has a 50 day moving average price of €18.93 and a 200 day moving average price of €17.01. The stock has a market capitalization of $6.44 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 1.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.08 and a current ratio of 1.61.

Institutional Trading of Stevanato Group

Large investors have recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its stake in Stevanato Group by 26.4% in the second quarter. Handelsbanken Fonder AB now owns 30,600 shares of the company’s stock worth $553,000 after acquiring an additional 6,400 shares during the last quarter. First Bank & Trust grew its holdings in Stevanato Group by 3.4% during the 2nd quarter. First Bank & Trust now owns 18,417 shares of the company’s stock worth $333,000 after acquiring an additional 603 shares in the last quarter. Cooper Investors PTY Ltd. increased its position in shares of Stevanato Group by 4.4% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 668,494 shares of the company’s stock valued at $12,080,000 after purchasing an additional 28,265 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in shares of Stevanato Group in the 2nd quarter valued at approximately $6,062,000. Finally, Glenmede Trust Co. NA raised its holdings in shares of Stevanato Group by 29.5% in the 1st quarter. Glenmede Trust Co. NA now owns 38,461 shares of the company’s stock valued at $529,000 after purchasing an additional 8,770 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wolfe Research started coverage on shares of Stevanato Group in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $21.00 price target for the company. TD Cowen upgraded Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings upgraded Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

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.