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

Stevanato Group S.p.A. (NYSE:STVN) Director Karen Flynn sold 1,493 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of €17.09, for a total transaction of €25,515.37. Following the transaction, the director directly owned 5,757 shares of the company’s stock, valued at €98,387.13. This represents a 20.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Stock Performance

Shares of STVN opened at €17.79 on Friday. 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 business’s 50 day moving average price is €17.47 and its 200-day moving average price is €17.26. Stevanato Group S.p.A. has a 52 week low of €12.89 and a 52 week high of €28.00. The stock has a market cap of $5.39 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.69 and a beta of 0.78.

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 analysts’ consensus estimates of €0.12 by (€0.01). The company had revenue of €273.57 million for the quarter. Stevanato Group had a net margin of 11.76% and a return on equity of 10.27%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. Equities research analysts anticipate that Stevanato Group S.p.A. will post 0.68 earnings per share for the current fiscal year.

Stevanato Group Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. GW&K Investment Management LLC lifted its position in Stevanato Group by 76.2% during the fourth quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock valued at $49,000 after purchasing an additional 1,055 shares during the period. Fifth Third Bancorp boosted its stake in shares of Stevanato Group by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock worth $58,000 after buying an additional 773 shares during the last quarter. State of Wyoming boosted its stake in shares of Stevanato Group by 39,216.7% in the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock worth $58,000 after buying an additional 2,353 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Stevanato Group in the third quarter worth $68,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Stevanato Group by 1,268.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the company’s stock valued at $112,000 after purchasing an additional 4,250 shares during the period.

Analyst Ratings Changes

A number of brokerages recently issued reports on STVN. Morgan Stanley dropped their price target on shares of Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. KeyCorp decreased their target price on shares of Stevanato Group from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Wolfe Research started coverage on shares of Stevanato Group in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $21.00 target price on the stock. Weiss Ratings upgraded shares of Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “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.