Karen Flynn Sells 1,493 Shares of Stevanato Group (NYSE:STVN) Stock

Stevanato Group S.p.A. (NYSE:STVN) Director Karen Flynn sold 1,493 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of €17.09, for a total transaction of €25,515.37. Following the completion of the sale, the director owned 5,757 shares of the company’s stock, valued at approximately €98,387.13. The trade was a 20.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Price Performance

Shares of STVN opened at €17.79 on Friday. The firm has a market capitalization of $5.39 billion, a PE ratio of 30.15, a P/E/G ratio of 1.64 and a beta of 0.78. The stock’s 50 day moving average is €17.47 and its two-hundred day moving average is €17.26. Stevanato Group S.p.A. has a twelve month low of €12.89 and a twelve 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 posted its quarterly earnings results 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 quarter in the previous year, the business posted $0.10 EPS. Stevanato Group’s quarterly revenue was up 6.6% on a year-over-year basis. Research 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 paid a dividend of $0.054 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 31.0%.

Wall Street Analyst Weigh In

Several analysts recently commented on STVN shares. 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. Wolfe Research initiated coverage on shares of Stevanato Group in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $21.00 target price for the company. Morgan Stanley reduced their price target 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. Weiss Ratings raised Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, KeyCorp lowered their price target on Stevanato Group from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Stevanato Group currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Stevanato Group

A number of large investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA raised its position in Stevanato Group by 29.5% during the first quarter. Glenmede Trust Co. NA now owns 38,461 shares of the company’s stock worth $529,000 after acquiring an additional 8,770 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Stevanato Group by 15.8% during the 1st quarter. Royal Bank of Canada now owns 421,696 shares of the company’s stock worth $5,798,000 after purchasing an additional 57,536 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Stevanato Group during the 1st quarter worth approximately $1,749,000. Sei Investments Co. raised its position in shares of Stevanato Group by 4.0% during the 1st quarter. Sei Investments Co. now owns 266,218 shares of the company’s stock worth $3,661,000 after purchasing an additional 10,203 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in Stevanato Group by 2,944.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 170,994 shares of the company’s stock valued at $2,351,000 after buying an additional 165,377 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.