Stevanato Group S.p.A. (NYSE:STVN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Stevanato Group S.p.A. (NYSE:STVN) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts recently weighed in on STVN shares. William Blair restated an “outperform” rating on shares of Stevanato Group in a research report on Friday, March 7th. UBS Group lowered their target price on shares of Stevanato Group from $24.00 to $23.50 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Stephens raised shares of Stevanato Group to a “strong-buy” rating in a research report on Monday, April 21st.

Institutional Trading of Stevanato Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC raised its position in Stevanato Group by 1.3% during the first quarter. Conestoga Capital Advisors LLC now owns 8,189,926 shares of the company’s stock worth $167,238,000 after acquiring an additional 106,930 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Stevanato Group by 13.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,744,714 shares of the company’s stock valued at $76,468,000 after purchasing an additional 439,722 shares during the period. TimesSquare Capital Management LLC grew its stake in Stevanato Group by 2.1% during the first quarter. TimesSquare Capital Management LLC now owns 3,358,966 shares of the company’s stock worth $68,590,000 after buying an additional 70,437 shares during the period. Artisan Partners Limited Partnership grew its stake in Stevanato Group by 28.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company’s stock worth $51,333,000 after buying an additional 524,989 shares during the period. Finally, Bamco Inc. NY grew its stake in Stevanato Group by 7.9% during the fourth quarter. Bamco Inc. NY now owns 1,818,181 shares of the company’s stock worth $39,618,000 after buying an additional 133,000 shares during the period.

Stevanato Group Price Performance

Shares of NYSE:STVN opened at €24.58 ($28.25) on Friday. The company has a market capitalization of $7.44 billion, a P/E ratio of 52.30, a P/E/G ratio of 7.18 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. Stevanato Group has a 1-year low of €16.56 ($19.03) and a 1-year high of €25.75 ($29.60). The firm’s 50 day simple moving average is €22.13 and its two-hundred day simple moving average is €21.54.

Stevanato Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 5th will be paid a $0.0613 dividend. This is a boost from Stevanato Group’s previous annual dividend of $0.05. This represents a yield of 0.3%. The ex-dividend date is Thursday, June 5th. Stevanato Group’s payout ratio is currently 11.76%.

Stevanato Group Company Profile

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.