13,157 Shares in Stevanato Group S.p.A. (NYSE:STVN) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of Stevanato Group S.p.A. (NYSE:STVN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,157 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Stevanato Group by 54.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,089 shares of the company’s stock valued at $84,000 after acquiring an additional 1,086 shares during the period. Hilltop National Bank lifted its stake in Stevanato Group by 34.3% during the second quarter. Hilltop National Bank now owns 4,395 shares of the company’s stock worth $81,000 after purchasing an additional 1,122 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Stevanato Group during the first quarter worth $241,000. Harbor Capital Advisors Inc. lifted its stake in Stevanato Group by 109.1% during the second quarter. Harbor Capital Advisors Inc. now owns 8,867 shares of the company’s stock worth $163,000 after purchasing an additional 4,626 shares in the last quarter. Finally, Hardy Reed LLC acquired a new position in Stevanato Group during the first quarter worth $321,000.

Wall Street Analyst Weigh In

STVN has been the topic of a number of research reports. Citigroup decreased their price target on Stevanato Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley decreased their price target on Stevanato Group from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Stevanato Group currently has a consensus rating of “Moderate Buy” and a consensus price target of €29.25 ($31.79).

Stevanato Group Stock Performance

Shares of STVN stock opened at €18.32 ($19.91) on Monday. The stock’s 50-day moving average is €19.81 and its two-hundred day moving average is €21.15. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 8.36 and a beta of 0.57. Stevanato Group S.p.A. has a 1 year low of €16.56 ($18.00) and a 1 year high of €34.73 ($37.75). The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.74.

Stevanato Group (NYSE:STVN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported €0.09 ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of €0.10 ($0.11) by (€0.01) (($0.01)). The firm had revenue of €259.60 million for the quarter, compared to analysts’ expectations of €254.92 million. Stevanato Group had a return on equity of 10.89% and a net margin of 11.27%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. Analysts predict that Stevanato Group S.p.A. will post 0.5 earnings per share for the current year.

About Stevanato Group

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.