Stevanato Group (NYSE:STVN) Director Madhavan Balachandran Sells 1,493 Shares

Stevanato Group S.p.A. (NYSE:STVN) Director Madhavan Balachandran sold 1,493 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of €17.09, for a total value of €25,515.37. Following the sale, the director directly owned 69,458 shares in the company, valued at €1,187,037.22. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Stock Performance

NYSE STVN opened at €18.36 on Friday. The firm has a market capitalization of $5.56 billion, a P/E ratio of 31.11, a PEG ratio of 1.59 and a beta of 0.78. The stock has a 50-day simple moving average of €17.41 and a two-hundred day simple moving average of €17.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.63. Stevanato Group S.p.A. has a fifty-two week low of €12.89 and a fifty-two week high of €28.00.

Stevanato Group (NYSE:STVN) last issued its earnings results on Friday, May 8th. The company reported €0.11 EPS for the quarter, missing analysts’ consensus estimates of €0.12 by (€0.01). The company had revenue of €273.57 million during the quarter. Stevanato Group had a return on equity of 10.27% and a net margin of 11.76%.The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. On average, equities analysts forecast that Stevanato Group S.p.A. will post 0.68 earnings per share for the current year.

Stevanato Group Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Thursday, June 11th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a yield of 31.0%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wolfe Research began coverage on shares of Stevanato Group in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 price objective on the stock. Morgan Stanley decreased their target price on shares of Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. KeyCorp lowered their price target on shares of Stevanato Group from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings raised shares of Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Institutional Trading of Stevanato Group

Institutional investors have recently bought and sold shares of the business. Conestoga Capital Advisors LLC increased its position in shares of Stevanato Group by 7.6% in the first quarter. Conestoga Capital Advisors LLC now owns 8,491,751 shares of the company’s stock valued at $116,762,000 after buying an additional 602,050 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Stevanato Group by 10.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,923,632 shares of the company’s stock valued at $78,944,000 after buying an additional 368,792 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in Stevanato Group by 7.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,500,321 shares of the company’s stock valued at $70,426,000 after acquiring an additional 232,645 shares during the period. Bamco Inc. NY grew its stake in Stevanato Group by 1.4% in the 4th quarter. Bamco Inc. NY now owns 2,001,724 shares of the company’s stock valued at $40,275,000 after acquiring an additional 27,965 shares during the period. Finally, Jennison Associates LLC increased its holdings in Stevanato Group by 13.7% in the 4th quarter. Jennison Associates LLC now owns 1,772,896 shares of the company’s stock worth $35,671,000 after acquiring an additional 213,602 shares in the last quarter.

Stevanato Group Company Profile

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.