Rhenman & Partners Asset Management AB Purchases 96,025 Shares of Stevanato Group S.p.A. $STVN

Rhenman & Partners Asset Management AB increased its position in shares of Stevanato Group S.p.A. (NYSE:STVN) by 188.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 147,025 shares of the company’s stock after buying an additional 96,025 shares during the period. Rhenman & Partners Asset Management AB’s holdings in Stevanato Group were worth $2,958,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. First Bank & Trust increased its stake in Stevanato Group by 5.6% in the fourth quarter. First Bank & Trust now owns 17,109 shares of the company’s stock valued at $344,000 after purchasing an additional 904 shares in the last quarter. GW&K Investment Management LLC increased its stake in Stevanato Group by 76.2% in the fourth quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock valued at $49,000 after purchasing an additional 1,055 shares in the last quarter. Pathstone Holdings LLC increased its stake in Stevanato Group by 1.5% in the third quarter. Pathstone Holdings LLC now owns 71,178 shares of the company’s stock valued at $1,833,000 after purchasing an additional 1,067 shares in the last quarter. Mariner LLC increased its stake in Stevanato Group by 6.9% in the third quarter. Mariner LLC now owns 25,447 shares of the company’s stock valued at $655,000 after purchasing an additional 1,638 shares in the last quarter. Finally, Diversified Trust Co. increased its stake in Stevanato Group by 12.5% in the fourth quarter. Diversified Trust Co. now owns 16,200 shares of the company’s stock valued at $326,000 after purchasing an additional 1,800 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Citigroup decreased their price target on shares of Stevanato Group from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Wall Street Zen downgraded shares of Stevanato Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Morgan Stanley decreased their price target 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. Wolfe Research assumed coverage on shares of Stevanato Group in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $21.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Stevanato Group in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Stevanato Group currently has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Down 1.5%

Shares of NYSE STVN opened at €17.03 on Friday. The stock has a market capitalization of $5.16 billion, a P/E ratio of 28.87, a P/E/G ratio of 1.59 and a beta of 0.78. The company has a 50-day moving average price of €16.80 and a 200-day moving average price of €17.66. Stevanato Group S.p.A. has a 1 year low of €12.89 and a 1 year high of €28.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.63 and a quick ratio of 1.11.

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

Stevanato Group Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.054 per share. This represents a dividend yield of 31.0%. The ex-dividend date is Thursday, June 11th.

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.