Fideuram Intesa Sanpaolo Private Banking S.P.A. Sells 410,704 Shares of Stevanato Group S.p.A. $STVN

Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its position in Stevanato Group S.p.A. (NYSE:STVN) by 89.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,000 shares of the company’s stock after selling 410,704 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Stevanato Group were worth $688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC increased its holdings in Stevanato Group by 76.2% during 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 during the period. State of Wyoming raised its position in Stevanato Group by 39,216.7% during 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 in the 3rd quarter worth $68,000. Tower Research Capital LLC TRC lifted its holdings in shares of Stevanato Group by 1,268.7% in the 2nd 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 during the period. Finally, Van Berkom & Associates Inc. grew its position in shares of Stevanato Group by 55.4% during the 4th 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.

Insider Activity

In other Stevanato Group news, Director William J. Federici 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 value of €25,515.37. Following the completion of the sale, the director directly owned 26,991 shares in the company, valued at €461,276.19. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Donald E. Morel, Jr. sold 1,493 shares of Stevanato Group stock in a transaction on Monday, June 15th. The stock was sold at an average price of €17.09, for a total transaction of €25,515.37. Following the completion of the transaction, the director directly owned 37,424 shares in the company, valued at €639,576.16. This represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 5,972 shares of company stock worth $102,061. 0.70% of the stock is currently owned by insiders.

Stevanato Group Stock Performance

Shares of Stevanato Group stock opened at €18.98 on Friday. The company has a market capitalization of $5.75 billion, a PE ratio of 32.18, a P/E/G ratio of 1.75 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.63. The company has a 50-day simple moving average of €17.75 and a two-hundred day simple moving average of €17.16. Stevanato Group S.p.A. has a one year low of €12.89 and a one year high of €28.00.

Stevanato Group (NYSE:STVN) last released its quarterly earnings results 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). Stevanato Group had a net margin of 11.76% and a return on equity of 10.27%. The firm had revenue of €273.57 million during the quarter. During the same quarter in the prior year, the company earned $0.10 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. Research analysts expect that Stevanato Group S.p.A. will post 0.68 EPS for the current fiscal year.

Stevanato Group Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wolfe Research started coverage on Stevanato Group in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 price target on the stock. Weiss Ratings lowered shares of Stevanato Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a report on Wednesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Stevanato Group currently has a consensus rating of “Moderate 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.