Lazard Asset Management LLC Buys New Shares in Stevanato Group S.p.A. $STVN

Lazard Asset Management LLC bought a new stake in Stevanato Group S.p.A. (NYSE:STVN) during the 1st quarter, Holdings Channel reports. The institutional investor bought 127,166 shares of the company’s stock, valued at approximately $1,749,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Conestoga Capital Advisors LLC lifted its holdings in Stevanato Group by 7.6% during the 1st quarter. Conestoga Capital Advisors LLC now owns 8,491,751 shares of the company’s stock worth $116,762,000 after buying an additional 602,050 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Stevanato Group by 10.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,923,632 shares of the company’s stock valued at $78,944,000 after acquiring an additional 368,792 shares during the last quarter. TimesSquare Capital Management LLC raised its position in shares of Stevanato Group by 7.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,500,321 shares of the company’s stock worth $70,426,000 after acquiring an additional 232,645 shares in the last quarter. Bamco Inc. NY lifted its stake in Stevanato Group by 1.4% during the fourth quarter. Bamco Inc. NY now owns 2,001,724 shares of the company’s stock worth $40,275,000 after purchasing an additional 27,965 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Stevanato Group by 13.7% in the fourth quarter. Jennison Associates LLC now owns 1,772,896 shares of the company’s stock valued at $35,671,000 after purchasing an additional 213,602 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have commented on STVN shares. Wolfe Research assumed 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 on the stock. TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings raised shares of Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Stevanato Group Stock Up 0.6%

Shares of NYSE:STVN opened at €20.70 on Tuesday. Stevanato Group S.p.A. has a 1-year low of €12.89 and a 1-year high of €28.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.63 and a quick ratio of 1.11. The stock has a market cap of $6.27 billion, a P/E ratio of 35.09, a P/E/G ratio of 1.77 and a beta of 0.77. The firm has a fifty day moving average price of €18.66 and a 200 day moving average price of €16.97.

Stevanato Group (NYSE:STVN) last posted its quarterly earnings data on Friday, May 8th. The company reported €0.11 EPS 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 quarter in the previous year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts predict that Stevanato Group S.p.A. will post 0.71 EPS for the current year.

Insider Buying and Selling

In other Stevanato Group news, Director William J. Federici sold 1,493 shares of Stevanato Group stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of €17.09, for a total value of €25,515.37. Following the transaction, the director directly owned 26,991 shares in the company, valued at approximately €461,276.19. This trade represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Madhavan Balachandran sold 1,493 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of €17.09, for a total value of €25,515.37. Following the completion of the transaction, the director directly owned 69,458 shares in the company, valued at approximately €1,187,037.22. The trade was a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 5,972 shares of company stock worth $102,061.

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.