Van Berkom & Associates Inc. Has $2.35 Million Stock Holdings in Stevanato Group S.p.A. $STVN

Van Berkom & Associates Inc. raised its holdings in shares of Stevanato Group S.p.A. (NYSE:STVN) by 2,944.2% during the first quarter, HoldingsChannel.com reports. The firm owned 170,994 shares of the company’s stock after acquiring an additional 165,377 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Stevanato Group were worth $2,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in STVN. State of Wyoming boosted its stake in Stevanato Group by 39,216.7% during 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 stake in 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 purchasing an additional 1,055 shares during the period. Quantbot Technologies LP acquired a new position in shares of Stevanato Group during the third quarter worth about $68,000. Fifth Third Bancorp boosted its position 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 acquiring an additional 773 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 during the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on STVN. TD Cowen raised Stevanato Group to a “strong-buy” rating in a research report on Wednesday, June 17th. Wolfe Research started coverage on Stevanato Group in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 target price for the company. Finally, Weiss Ratings upgraded Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. 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, Stevanato Group has a consensus rating of “Buy”.

Insiders Place Their Bets

In other Stevanato Group news, Director Madhavan Balachandran sold 1,493 shares of the business’s 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 69,458 shares of the company’s stock, valued at approximately €1,187,037.22. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing 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. Also, Director Donald E. Morel, Jr. sold 1,493 shares of the 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 owned 37,424 shares in the company, valued at €639,576.16. The trade was a 3.84% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 5,972 shares of company stock valued at $102,061. Company insiders own 0.70% of the company’s stock.

Stevanato Group Price Performance

Stevanato Group stock opened at €19.21 on Monday. The firm has a market cap of $5.82 billion, a P/E ratio of 32.57, a P/E/G ratio of 1.77 and a beta of 0.78. Stevanato Group S.p.A. has a one year low of €12.89 and a one 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’s 50 day moving average is €18.24 and its 200 day moving average is €17.06.

Stevanato Group (NYSE:STVN) last posted its quarterly earnings data on Friday, May 8th. The company reported €0.11 earnings per share for the quarter, missing the consensus estimate of €0.12 by (€0.01). The firm had revenue of €273.57 million for the quarter. Stevanato Group had a return on equity of 10.27% and a net margin of 11.76%.The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. As a group, research analysts expect that Stevanato Group S.p.A. will post 0.68 EPS for the current year.

Stevanato Group 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.