Portside Wealth Group LLC Invests $249,000 in Stevanato Group S.p.A. $STVN

Portside Wealth Group LLC bought a new position in shares of Stevanato Group S.p.A. (NYSE:STVN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,179 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Twin Tree Management LP acquired a new position in Stevanato Group in the first quarter valued at approximately $29,000. SVB Wealth LLC purchased a new stake in shares of Stevanato Group during the 1st quarter worth approximately $46,000. Van Berkom & Associates Inc. boosted its holdings 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 valued at $49,000 after buying an additional 600 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Stevanato Group by 14.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,833 shares of the company’s stock valued at $94,000 after buying an additional 497 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Stevanato Group in the 2nd quarter valued at $158,000.

Stevanato Group Price Performance

Shares of NYSE:STVN opened at €21.19 on Friday. Stevanato Group S.p.A. has a one year low of €17.81 and a one year high of €28.00. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 2.09 and a beta of 0.56. The company has a 50-day simple moving average of €24.98 and a 200-day simple moving average of €24.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89.

Analyst Ratings Changes

A number of brokerages recently weighed in on STVN. Weiss Ratings reissued a “hold (c+)” rating on shares of Stevanato Group in a research report on Monday. Morgan Stanley upped their target price 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Stevanato Group has a consensus rating of “Moderate Buy”.

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.