Lago Marco Dal Sells 4,209 Shares of Stevanato Group (NYSE:STVN) Stock

Stevanato Group S.p.A. (NYSE:STVN) CFO Lago Marco Dal sold 4,209 shares of Stevanato Group stock in a transaction on Friday, August 7th. The shares were sold at an average price of €20.09, for a total value of €84,558.81. Following the sale, the chief financial officer directly owned 81,144 shares of the company’s stock, valued at approximately €1,630,182.96. The trade was a 4.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Stock Performance

Shares of NYSE STVN opened at €21.02 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.61 and a quick ratio of 1.08. Stevanato Group S.p.A. has a one year low of €12.89 and a one year high of €28.00. The business’s 50-day moving average price is €18.88 and its two-hundred day moving average price is €16.99. The company has a market capitalization of $6.36 billion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77.

Institutional Trading of Stevanato Group

A number of institutional investors and hedge funds have recently made changes to their positions in STVN. First Bank & Trust grew its position in Stevanato Group by 3.4% in the 2nd quarter. First Bank & Trust now owns 18,417 shares of the company’s stock worth $333,000 after purchasing an additional 603 shares during the last quarter. Fifth Third Bancorp increased its holdings 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 raised its position in shares of Stevanato Group by 76.2% during the fourth quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock valued at $49,000 after buying an additional 1,055 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Stevanato Group by 1.5% during the third quarter. Pathstone Holdings LLC now owns 71,178 shares of the company’s stock valued at $1,833,000 after buying an additional 1,067 shares during the last quarter. Finally, Mariner LLC lifted its stake in shares of Stevanato Group by 6.9% in the third quarter. Mariner LLC now owns 25,447 shares of the company’s stock valued at $655,000 after buying an additional 1,638 shares during the period.

Wall Street Analyst Weigh In

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