TD Asset Management Inc Lowers Position in Stevanato Group S.p.A. $STVN

TD Asset Management Inc cut its holdings in Stevanato Group S.p.A. (NYSE:STVN) by 28.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,932 shares of the company’s stock after selling 32,400 shares during the quarter. TD Asset Management Inc’s holdings in Stevanato Group were worth $1,977,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Lindenwold Advisors INC purchased a new stake in Stevanato Group in the second quarter worth about $229,000. Bar Harbor Wealth Management purchased a new stake in Stevanato Group in the second quarter worth about $9,081,000. Hilltop National Bank purchased a new stake in Stevanato Group in the second quarter worth about $158,000. Truist Financial Corp lifted its stake in Stevanato Group by 9.5% in the second quarter. Truist Financial Corp now owns 32,029 shares of the company’s stock worth $782,000 after acquiring an additional 2,781 shares during the period. Finally, Diversified Trust Co purchased a new stake in Stevanato Group in the second quarter worth about $352,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on STVN. William Blair reaffirmed an “outperform” rating on shares of Stevanato Group in a research note on Monday, June 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Stevanato Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Performance

Shares of Stevanato Group stock opened at €26.34 on Wednesday. The firm has a market capitalization of $7.98 billion, a P/E ratio of 48.79, a PEG ratio of 2.43 and a beta of 0.57. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average price of €24.62 and a 200 day moving average price of €23.77. Stevanato Group S.p.A. has a 52 week low of €17.12 and a 52 week high of €28.00.

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.