Insider Selling: Stevanato Group (NYSE:STVN) Director Sells 1,493 Shares

Stevanato Group S.p.A. (NYSE:STVN) Director Donald Morel, Jr. sold 1,493 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of €17.09, for a total transaction of €25,515.37. Following the completion of the sale, the director directly owned 37,424 shares of the company’s stock, valued at approximately €639,576.16. The trade was a 3.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Stock Down 0.2%

Shares of NYSE:STVN opened at €18.36 on Friday. Stevanato Group S.p.A. has a 1 year low of €12.89 and a 1 year high of €28.00. The business has a 50 day simple moving average of €17.41 and a two-hundred day simple moving average of €17.26. The firm has a market capitalization of $5.56 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.63 and a quick ratio of 1.11.

Stevanato Group (NYSE:STVN) last released its earnings results 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 for the quarter. During the same quarter last year, the company posted $0.10 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts predict that Stevanato Group S.p.A. will post 0.68 EPS for the current year.

Stevanato Group Cuts Dividend

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

Wall Street Analyst Weigh In

STVN has been the topic of a number of recent analyst reports. TD Cowen upgraded Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. Citigroup lowered their target price 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. KeyCorp cut their price target on shares of Stevanato Group from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Wolfe Research initiated 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. Finally, Weiss Ratings upgraded shares of Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in Stevanato Group by 22.6% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock worth $58,000 after purchasing an additional 773 shares during the period. First Bank & Trust lifted its holdings in shares of Stevanato Group by 5.6% in the 4th quarter. First Bank & Trust now owns 17,109 shares of the company’s stock worth $344,000 after buying an additional 904 shares during the period. GW&K Investment Management LLC lifted its holdings in shares of Stevanato Group by 76.2% in the 4th quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock worth $49,000 after buying an additional 1,055 shares during the period. Pathstone Holdings LLC grew its position in shares of Stevanato Group by 1.5% during the 3rd quarter. Pathstone Holdings LLC now owns 71,178 shares of the company’s stock worth $1,833,000 after buying an additional 1,067 shares in the last quarter. Finally, Mariner LLC grew its position in shares of Stevanato Group by 6.9% during the 3rd quarter. Mariner LLC now owns 25,447 shares of the company’s stock worth $655,000 after buying an additional 1,638 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.