Marco Investment Management LLC Makes New $228,000 Investment in Stevanato Group S.p.A. $STVN

Marco Investment Management LLC acquired a new position in shares of Stevanato Group S.p.A. (NYSE:STVN) in the 2nd quarter, Holdings Channel reports. The fund acquired 9,320 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds have also recently modified their holdings of STVN. T. Rowe Price Investment Management Inc. raised its stake in Stevanato Group by 13.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,744,714 shares of the company’s stock worth $76,468,000 after acquiring an additional 439,722 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of 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 purchasing an additional 70,437 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Stevanato Group by 27.9% during the first quarter. Jennison Associates LLC now owns 1,188,057 shares of the company’s stock worth $24,260,000 after purchasing an additional 259,231 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of Stevanato Group during the first quarter worth about $19,072,000. Finally, Champlain Investment Partners LLC purchased a new stake in shares of Stevanato Group in the 1st quarter valued at about $15,741,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stevanato Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Stevanato Group has an average rating of “Moderate Buy”.

Stevanato Group Price Performance

Shares of NYSE:STVN opened at €24.05 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.22 and a current ratio of 1.79. Stevanato Group S.p.A. has a one year low of €17.49 and a one year high of €28.00. The company has a 50-day simple moving average of €25.38 and a 200-day simple moving average of €24.21. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 2.41 and a beta of 0.56.

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.