Fenimore Asset Management Inc Purchases New Stake in Stevanato Group S.p.A. $STVN

Fenimore Asset Management Inc purchased a new stake in shares of Stevanato Group S.p.A. (NYSE:STVN) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 582,070 shares of the company’s stock, valued at approximately $12,212,000.

A number of other large investors also recently bought and sold shares of the stock. First Bank & Trust grew its stake in shares of Stevanato Group by 3.4% in the second quarter. First Bank & Trust now owns 18,417 shares of the company’s stock valued at $333,000 after buying an additional 603 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Stevanato Group by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock valued at $58,000 after purchasing an additional 773 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Stevanato Group in the second quarter valued at $59,000. Diversify Wealth Management LLC increased its holdings in shares of Stevanato Group by 23.9% in the 1st quarter. Diversify Wealth Management LLC now owns 18,353 shares of the company’s stock valued at $252,000 after acquiring an additional 3,543 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Stevanato Group by 26.4% during the second quarter. Handelsbanken Fonder AB now owns 30,600 shares of the company’s stock worth $553,000 after purchasing an additional 6,400 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STVN shares. TD Cowen upgraded Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. UBS Group began coverage on Stevanato Group in a research note on Wednesday, September 9th. They issued a “neutral” rating and a $23.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Stevanato Group in a report on Wednesday. They issued a “hold” rating for the company. Finally, Weiss Ratings raised shares of Stevanato Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Performance

Shares of NYSE STVN traded down €0.14 during midday trading on Thursday, reaching €19.30. 233,102 shares of the company were exchanged, compared to its average volume of 504,198. The stock has a market cap of $5.85 billion, a P/E ratio of 34.47, a PEG ratio of 1.62 and a beta of 0.78. Stevanato Group S.p.A. has a 1 year low of €12.89 and a 1 year high of €27.99. The stock has a fifty day simple moving average of €21.08 and a 200 day simple moving average of €18.58. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.21.

Stevanato Group (NYSE:STVN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported €0.14 EPS for the quarter, missing the consensus estimate of €0.15 by (€0.01). Stevanato Group had a net margin of 10.99% and a return on equity of 10.43%. The company had revenue of €302.00 million for the quarter. On average, research analysts forecast that Stevanato Group S.p.A. will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Marco Dal Lago sold 4,209 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of €20.09, for a total transaction of €84,558.81. Following the completion of the sale, the chief financial officer directly owned 81,144 shares of the company’s stock, valued at €1,630,182.96. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Luciano Santel sold 2,023 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of €20.09, for a total transaction of €40,642.07. Following the transaction, the director owned 4,739 shares of the company’s stock, valued at approximately €95,206.51. The trade was a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 21,926 shares of company stock worth $459,738. 0.70% of the stock is currently owned by company insiders.

About Stevanato Group

Stevanato Group S.p.A. is an Italy-based provider of drug-containment, drug-delivery and diagnostic solutions for the pharmaceutical, biotechnology and healthcare industries. The company serves customers across the development, production and administration of injectable medicines, with activities spanning pharmaceutical glass packaging, medical devices and manufacturing technologies.

Its product portfolio includes glass vials, cartridges, syringes and other primary containers, as well as ready-to-use packaging solutions such as EZ-fill.