Riverbridge Partners LLC Decreases Stake in Stevanato Group S.p.A. $STVN

Riverbridge Partners LLC lessened its holdings in shares of Stevanato Group S.p.A. (NYSE:STVN) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 673,148 shares of the company’s stock after selling 42,011 shares during the period. Riverbridge Partners LLC owned 0.22% of Stevanato Group worth $9,256,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GW&K Investment Management LLC lifted 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 in the last quarter. State of Wyoming increased its holdings in shares of Stevanato Group by 39,216.7% in the second quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after purchasing an additional 2,353 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Stevanato Group in the third quarter valued at approximately $68,000. Tower Research Capital LLC TRC lifted its position 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 buying an additional 4,250 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in Stevanato Group by 55.4% during the fourth quarter. Van Berkom & Associates Inc. now owns 5,617 shares of the company’s stock worth $113,000 after buying an additional 2,002 shares in the last quarter.

Stevanato Group Price Performance

STVN stock opened at €16.79 on Wednesday. Stevanato Group S.p.A. has a 52-week low of €12.89 and a 52-week high of €28.00. The company has a quick ratio of 1.11, a current ratio of 1.63 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.56 and a beta of 0.78. The business has a fifty day moving average of €17.27 and a two-hundred day moving average of €17.33.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings results on Friday, May 8th. The company reported €0.11 EPS for the quarter, missing the consensus estimate of €0.12 by (€0.01). The business had revenue of €273.57 million during the quarter. Stevanato Group had a net margin of 11.76% and a return on equity of 10.27%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. As a group, 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 announced an annual dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.054 per share. This represents a yield of 31.0%. The ex-dividend date of this dividend is Thursday, June 11th.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup dropped their target price on Stevanato Group from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 5th. KeyCorp reduced 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. Wolfe Research began coverage on shares of Stevanato Group in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 price target on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Stevanato Group in a report on Monday, June 8th. Finally, TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Stevanato Group Company 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.