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

Stevanato Group S.p.A. (NYSE:STVN) Director Karen Flynn sold 1,493 shares of the stock in a transaction on 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 sale, the director directly owned 5,757 shares in the company, valued at approximately €98,387.13. This represents a 20.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Price Performance

Shares of NYSE:STVN opened at €18.36 on Friday. The business has a fifty day moving average price of €17.41 and a 200-day moving average price of €17.26. 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 company has a market capitalization of $5.56 billion, a PE ratio of 31.11, a PEG ratio of 1.59 and a beta of 0.78. Stevanato Group S.p.A. has a 1-year low of €12.89 and a 1-year high of €28.00.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings results on Friday, May 8th. The company reported €0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.12 by (€0.01). The firm had revenue of €273.57 million during the quarter. Stevanato Group had a return on equity of 10.27% and a net margin of 11.76%.Stevanato Group’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. As a group, equities 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 declared an annual dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.054 per share. The ex-dividend date is Thursday, June 11th. This represents a dividend yield of 31.0%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a report on Wednesday, June 17th. KeyCorp cut their target price on Stevanato Group from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Morgan Stanley reduced their target price on Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Citigroup decreased their price target on Stevanato Group from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Weiss Ratings raised Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Institutional Trading of Stevanato Group

Large investors have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC lifted its position in Stevanato Group by 6.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,392,581 shares of the company’s stock valued at $35,859,000 after purchasing an additional 86,971 shares during the period. Cooper Investors PTY Ltd. grew its position in Stevanato Group by 17.8% in the 4th quarter. Cooper Investors PTY Ltd. now owns 695,245 shares of the company’s stock worth $13,988,000 after purchasing an additional 104,937 shares during the period. Bamco Inc. NY grew its position in Stevanato Group by 4.5% in the 3rd quarter. Bamco Inc. NY now owns 1,973,759 shares of the company’s stock worth $50,824,000 after purchasing an additional 85,709 shares during the period. Jennison Associates LLC raised its stake in Stevanato Group by 13.7% during the 4th quarter. Jennison Associates LLC now owns 1,772,896 shares of the company’s stock valued at $35,671,000 after buying an additional 213,602 shares during the last quarter. Finally, Rhenman & Partners Asset Management AB purchased a new stake in Stevanato Group during the 3rd quarter valued at $1,313,000.

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.