Stevanato Group S.p.A. (NYSE:STVN) Receives Average Recommendation of “Buy” from Brokerages

Stevanato Group S.p.A. (NYSE:STVN) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company.

Several research analysts have weighed in on STVN shares. Morgan Stanley lowered their target price on shares of Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Citigroup dropped their price objective on shares of Stevanato Group from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Wolfe Research began coverage on shares of Stevanato Group in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 target price on the stock. TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings upgraded shares of Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th.

Stevanato Group Trading Down 3.3%

Shares of STVN stock opened at €17.79 on Tuesday. 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 firm has a market cap of $5.39 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.78. The company has a 50-day moving average of €17.47 and a two-hundred day moving average of €17.26. Stevanato Group has a 1-year low of €12.89 and a 1-year high of €28.00.

Stevanato Group (NYSE:STVN) last announced its earnings results 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 company 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%.Stevanato Group’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 earnings per share. On average, analysts predict that Stevanato Group will post 0.68 EPS for the current year.

Stevanato Group Cuts Dividend

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

Insider Buying and Selling

In other news, Director Karen Flynn sold 1,493 shares of Stevanato Group stock in a transaction dated Monday, June 15th. The stock was sold at an average price of €17.09, for a total value of €25,515.37. Following the completion of the transaction, the director owned 5,757 shares in the company, valued at approximately €98,387.13. This trade represents a 20.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director William J. Federici sold 1,493 shares of the business’s stock in a transaction dated 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 26,991 shares of the company’s stock, valued at approximately €461,276.19. This represents a 5.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 5,972 shares of company stock valued at $102,061. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Stevanato Group

Hedge funds have recently added to or reduced their stakes in the company. GW&K Investment Management LLC lifted its stake in Stevanato Group by 76.2% in the fourth quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock worth $49,000 after acquiring an additional 1,055 shares during the last quarter. Fifth Third Bancorp increased its position 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 valued at $58,000 after purchasing an additional 773 shares during the last quarter. State of Wyoming raised its holdings 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 valued at $58,000 after purchasing an additional 2,353 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Stevanato Group during the 3rd quarter worth $68,000. Finally, Tower Research Capital LLC TRC lifted its position 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 worth $112,000 after purchasing an additional 4,250 shares during 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.