Thrivent Financial for Lutherans Has $61.09 Million Stock Position in Stevanato Group S.p.A. $STVN

Thrivent Financial for Lutherans raised its stake in Stevanato Group S.p.A. (NYSE:STVN) by 7.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,372,390 shares of the company’s stock after buying an additional 156,733 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stevanato Group were worth $61,089,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of STVN. Cooper Investors PTY Ltd. boosted its position in Stevanato Group by 251.7% in the 3rd quarter. Cooper Investors PTY Ltd. now owns 590,308 shares of the company’s stock valued at $15,200,000 after buying an additional 422,478 shares during the last quarter. Pembroke Management LTD lifted its stake in shares of Stevanato Group by 11.9% during the third quarter. Pembroke Management LTD now owns 1,283,216 shares of the company’s stock valued at $33,043,000 after acquiring an additional 136,710 shares during the period. Bar Harbor Wealth Management bought a new position in Stevanato Group in the second quarter valued at about $9,081,000. Mutual of America Capital Management LLC increased its position in Stevanato Group by 6.5% in the second quarter. Mutual of America Capital Management LLC now owns 707,123 shares of the company’s stock worth $17,275,000 after purchasing an additional 43,389 shares during the period. Finally, Ranger Investment Management L.P. raised its holdings in Stevanato Group by 125.6% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,321,030 shares of the company’s stock worth $32,273,000 after purchasing an additional 735,417 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on STVN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. Morgan Stanley started coverage on shares of Stevanato Group in a research note on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price objective on the stock. Finally, Wall Street Zen raised shares of Stevanato Group from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Stevanato Group presently has an average rating of “Moderate Buy”.

Stevanato Group Price Performance

Shares of STVN stock opened at €15.73 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. Stevanato Group S.p.A. has a 12-month low of €15.28 and a 12-month high of €28.00. The firm has a fifty day moving average of €20.64 and a 200-day moving average of €23.14. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 1.28 and a beta of 0.58.

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.