Stevanato Group (NYSE:STVN) Sees Large Volume Increase – Here’s Why

Stevanato Group S.p.A. (NYSE:STVN) saw strong trading volume on Thursday . 869,270 shares traded hands during mid-day trading, an increase of 104% from the previous session’s volume of 426,629 shares.The stock last traded at €19.78 and had previously closed at €19.44.

Analyst Upgrades and Downgrades

STVN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. Morgan Stanley began coverage on Stevanato Group in a research note on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Stevanato Group Price Performance

The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 1.57 and a beta of 0.58. The stock’s fifty day moving average price is €21.31 and its two-hundred day moving average price is €23.57. The company has a current ratio of 1.89, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ranger Investment Management L.P. grew its stake in Stevanato Group by 125.6% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,321,030 shares of the company’s stock worth $32,273,000 after buying an additional 735,417 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in Stevanato Group during the second quarter worth about $13,729,000. Champlain Investment Partners LLC lifted its holdings in shares of Stevanato Group by 68.7% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,300,799 shares of the company’s stock valued at $31,779,000 after buying an additional 529,950 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Stevanato Group by 20.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,733,782 shares of the company’s stock worth $66,786,000 after purchasing an additional 455,323 shares in the last quarter. Finally, Cooper Investors PTY Ltd. boosted its holdings in Stevanato Group by 251.7% during the third quarter. Cooper Investors PTY Ltd. now owns 590,308 shares of the company’s stock worth $15,200,000 after buying an additional 422,478 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.