Stevanato Group (NYSE:STVN) Trading 1.7% Higher – Still a Buy?

Shares of Stevanato Group S.p.A. (NYSE:STVN) rose 1.7% during mid-day trading on Thursday . The company traded as high as €18.74 ($19.52) and last traded at €18.58 ($19.35). Approximately 34,981 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 511,321 shares. The stock had previously closed at €18.27 ($19.03).

Wall Street Analyst Weigh In

Separately, Citigroup dropped their price target on Stevanato Group from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Stevanato Group Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. The firm has a 50-day moving average of €19.44 and a two-hundred day moving average of €19.76.

Stevanato Group (NYSE:STVN) last released its quarterly earnings results on Tuesday, November 5th. The company reported €0.12 ($0.13) EPS for the quarter, missing analysts’ consensus estimates of €0.13 ($0.14) by (€0.01) (($0.01)). Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The firm had revenue of €277.90 million for the quarter, compared to analyst estimates of €274.36 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts predict that Stevanato Group S.p.A. will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Pier Capital LLC raised its stake in shares of Stevanato Group by 44.5% in the third quarter. Pier Capital LLC now owns 370,997 shares of the company’s stock valued at $7,420,000 after acquiring an additional 114,210 shares in the last quarter. Kensington Investment Counsel LLC acquired a new stake in shares of Stevanato Group in the third quarter valued at $1,308,000. Wellington Management Group LLP raised its stake in shares of Stevanato Group by 4.5% in the third quarter. Wellington Management Group LLP now owns 2,693,588 shares of the company’s stock valued at $53,872,000 after acquiring an additional 115,050 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Stevanato Group by 1.3% in the third quarter. Bamco Inc. NY now owns 1,685,181 shares of the company’s stock valued at $33,704,000 after acquiring an additional 21,469 shares in the last quarter. Finally, Fred Alger Management LLC raised its stake in shares of Stevanato Group by 24.2% in the third quarter. Fred Alger Management LLC now owns 1,070,557 shares of the company’s stock valued at $21,411,000 after acquiring an additional 208,830 shares in the last quarter.

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.