Stevanato Group (NYSE:STVN) Hits New 1-Year High – Time to Buy?

Stevanato Group S.p.A. (NYSE:STVN) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as €24.96 ($28.04) and last traded at €24.01 ($26.98), with a volume of 30910 shares traded. The stock had previously closed at €24.42 ($27.44).

Analyst Ratings Changes

Several research analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of Stevanato Group in a research report on Friday, March 7th. Stephens upgraded Stevanato Group to a “strong-buy” rating in a research report on Monday, April 21st. Finally, UBS Group lowered their price target on Stevanato Group from $24.00 to $23.50 and set a “neutral” rating for the company in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of €25.70 ($28.88).

Stevanato Group Trading Down 2.3%

The business has a fifty day simple moving average of €21.35 and a 200 day simple moving average of €21.14. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 7.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81.

Stevanato Group (NYSE:STVN) last issued its quarterly earnings results on Thursday, March 6th. The company reported €0.20 ($0.22) earnings per share for the quarter, hitting analysts’ consensus estimates of €0.20 ($0.22). The company had revenue of €352.68 million for the quarter, compared to analyst estimates of €346.26 million. Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. As a group, equities analysts anticipate that Stevanato Group S.p.A. will post 0.5 EPS for the current year.

Stevanato Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.0613 per share. The ex-dividend date is Thursday, June 5th. This is an increase from Stevanato Group’s previous annual dividend of $0.05. This represents a dividend yield of 0.3%. Stevanato Group’s dividend payout ratio (DPR) is currently 11.76%.

Institutional Trading of Stevanato Group

Hedge funds and other institutional investors have recently modified their holdings of the business. TimesSquare Capital Management LLC grew its stake in Stevanato Group by 114.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,288,529 shares of the company’s stock worth $71,657,000 after purchasing an additional 1,756,100 shares in the last quarter. Invesco Ltd. acquired a new position in Stevanato Group in the first quarter worth about $19,072,000. Jennison Associates LLC acquired a new position in Stevanato Group in the fourth quarter worth about $20,239,000. Frontier Capital Management Co. LLC boosted its stake in Stevanato Group by 1,012.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,003,235 shares of the company’s stock valued at $21,860,000 after acquiring an additional 913,019 shares during the period. Finally, Champlain Investment Partners LLC acquired a new position in Stevanato Group in the first quarter valued at approximately $15,741,000.

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.