Zions Bancorporation National Association UT Increases Stake in Stevanato Group S.p.A. $STVN

Zions Bancorporation National Association UT lifted its holdings in shares of Stevanato Group S.p.A. (NYSE:STVN) by 9.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 102,357 shares of the company’s stock after purchasing an additional 8,648 shares during the period. Zions Bancorporation National Association UT’s holdings in Stevanato Group were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in Stevanato Group by 16.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 162,770 shares of the company’s stock worth $3,324,000 after purchasing an additional 23,545 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Stevanato Group by 77.4% in the first quarter. Raymond James Financial Inc. now owns 468,475 shares of the company’s stock valued at $9,566,000 after purchasing an additional 204,391 shares during the period. LPL Financial LLC increased its stake in Stevanato Group by 35.4% during the 1st quarter. LPL Financial LLC now owns 116,060 shares of the company’s stock worth $2,250,000 after buying an additional 30,339 shares during the period. Bar Harbor Wealth Management acquired a new position in Stevanato Group in the 2nd quarter worth $9,081,000. Finally, Mutual of America Capital Management LLC lifted its holdings in Stevanato Group by 6.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 707,123 shares of the company’s stock worth $17,275,000 after buying an additional 43,389 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research note on Wednesday. One research 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Stevanato Group Stock Down 1.5%

STVN opened at €24.05 on Monday. Stevanato Group S.p.A. has a one year low of €17.49 and a one year high of €28.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89. The company has a market capitalization of $7.28 billion, a PE ratio of 42.20, a P/E/G ratio of 2.38 and a beta of 0.56. The stock’s fifty day moving average is €25.38 and its 200-day moving average is €24.24.

Stevanato Group Profile

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.