Intrust Bank NA Purchases New Shares in Stevanato Group S.p.A. $STVN

Intrust Bank NA acquired a new position in Stevanato Group S.p.A. (NYSE:STVN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,113 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Stevanato Group by 14.0% during the first quarter. Bank of New York Mellon Corp now owns 19,042 shares of the company’s stock valued at $389,000 after buying an additional 2,336 shares during the period. Envestnet Asset Management Inc. boosted its position in Stevanato Group by 16.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 162,770 shares of the company’s stock valued at $3,324,000 after acquiring an additional 23,545 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Stevanato Group by 4.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 663,734 shares of the company’s stock worth $13,553,000 after acquiring an additional 28,203 shares during the period. Van Berkom & Associates Inc. raised its position in shares of Stevanato Group by 33.3% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company’s stock worth $49,000 after acquiring an additional 600 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Stevanato Group by 35.4% in the 1st quarter. LPL Financial LLC now owns 116,060 shares of the company’s stock valued at $2,250,000 after purchasing an additional 30,339 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price target on Stevanato Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Stevanato Group in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Stevanato Group Price Performance

STVN stock opened at €20.91 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89. The firm has a 50 day moving average price of €25.19 and a 200-day moving average price of €24.31. Stevanato Group S.p.A. has a 52-week low of €17.72 and a 52-week high of €28.00. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 2.11 and a beta of 0.56.

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.