Stevanato Group (NYSE:STVN) Director Luciano Santel Sells 2,023 Shares of Stock

Stevanato Group S.p.A. (NYSE:STVN) Director Luciano Santel sold 2,023 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of €20.09, for a total value of €40,642.07. Following the completion of the sale, the director owned 4,739 shares of the company’s stock, valued at approximately €95,206.51. This represents a 29.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Trading Up 0.3%

Shares of STVN opened at €20.65 on Tuesday. The stock’s 50-day moving average is €18.84 and its two-hundred day moving average is €16.98. The stock has a market cap of $6.25 billion, a PE ratio of 36.87, a P/E/G ratio of 1.70 and a beta of 0.77. Stevanato Group S.p.A. has a 12 month low of €12.89 and a 12 month high of €28.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.61 and a quick ratio of 1.08.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. First Bank & Trust raised its stake in Stevanato Group by 3.4% during the second quarter. First Bank & Trust now owns 18,417 shares of the company’s stock worth $333,000 after acquiring an additional 603 shares during the period. Fifth Third Bancorp raised its position in shares of Stevanato Group by 22.6% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock worth $58,000 after purchasing an additional 773 shares during the period. GW&K Investment Management LLC lifted its holdings in shares of Stevanato Group by 76.2% in the 4th quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock worth $49,000 after purchasing an additional 1,055 shares during the last quarter. Pathstone Holdings LLC boosted its position in Stevanato Group by 1.5% during the 3rd 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 during the period. Finally, Mariner LLC grew its stake in Stevanato Group by 6.9% during the 3rd quarter. Mariner LLC now owns 25,447 shares of the company’s stock worth $655,000 after buying an additional 1,638 shares during the last quarter.

Analysts Set New Price Targets

STVN has been the subject of a number of analyst reports. Weiss Ratings upgraded Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. TD Cowen raised shares of Stevanato Group to a “strong-buy” rating in a research report on Wednesday, June 17th. Finally, Wolfe Research began coverage on shares of Stevanato Group in a report on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Stevanato Group has an average rating of “Buy”.

About Stevanato Group

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.