Royal Bank of Canada Purchases 57,536 Shares of Stevanato Group S.p.A. $STVN

Royal Bank of Canada lifted its position in shares of Stevanato Group S.p.A. (NYSE:STVN) by 15.8% during the 1st quarter, HoldingsChannel reports. The firm owned 421,696 shares of the company’s stock after acquiring an additional 57,536 shares during the period. Royal Bank of Canada’s holdings in Stevanato Group were worth $5,798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STVN. GW&K Investment Management LLC grew 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 purchasing an additional 1,055 shares during the period. Fifth Third Bancorp lifted its position in Stevanato Group by 22.6% during the first quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock valued at $58,000 after buying an additional 773 shares during the period. State of Wyoming lifted its position in Stevanato Group by 39,216.7% during the second quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after buying an additional 2,353 shares during the period. Quantbot Technologies LP bought a new stake in shares of Stevanato Group during the 3rd quarter valued at $68,000. Finally, Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 4,250 shares in the last quarter.

Stevanato Group Price Performance

STVN opened at €21.27 on Thursday. The firm has a market cap of $6.44 billion, a PE ratio of 37.98, a P/E/G ratio of 1.76 and a beta of 0.77. The stock has a 50-day moving average price of €18.93 and a 200-day moving average price of €17.01. Stevanato Group S.p.A. has a 1 year low of €12.89 and a 1 year high of €28.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.61 and a quick ratio of 1.08.

Insider Buying and Selling at Stevanato Group

In other Stevanato Group news, Director William J. Federici sold 1,493 shares of Stevanato Group stock in a transaction dated Monday, June 15th. The shares were sold at an average price of €17.09, for a total value of €25,515.37. Following the completion of the transaction, the director directly owned 26,991 shares of the company’s stock, valued at approximately €461,276.19. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Lago Marco Dal sold 4,209 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of €20.09, for a total transaction of €84,558.81. Following the completion of the transaction, the chief financial officer owned 81,144 shares in the company, valued at approximately €1,630,182.96. This represents a 4.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 14,249 shares of company stock worth $268,346 in the last 90 days. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. Weiss Ratings raised shares of Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Finally, Wolfe Research started coverage on shares of Stevanato Group in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $21.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

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.