New York State Common Retirement Fund Raises Position in Stevanato Group S.p.A. (NYSE:STVN)

New York State Common Retirement Fund lifted its stake in Stevanato Group S.p.A. (NYSE:STVN) by 69.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,133 shares of the company’s stock after purchasing an additional 59,478 shares during the period. New York State Common Retirement Fund’s holdings in Stevanato Group were worth $3,961,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of STVN. PNC Financial Services Group Inc. purchased a new stake in Stevanato Group in the third quarter worth about $60,000. Fifth Third Bancorp increased its holdings in Stevanato Group by 70.1% in the 3rd quarter. Fifth Third Bancorp now owns 2,473 shares of the company’s stock worth $73,000 after acquiring an additional 1,019 shares in the last quarter. Quantbot Technologies LP bought a new stake in Stevanato Group during the 3rd quarter worth approximately $115,000. Jag Capital Management LLC purchased a new position in Stevanato Group during the third quarter valued at approximately $209,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Stevanato Group in the third quarter worth approximately $246,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on STVN shares. BNP Paribas assumed coverage on shares of Stevanato Group in a research report on Monday, April 22nd. They set an “outperform” rating on the stock. Morgan Stanley reissued an “equal weight” rating and set a $30.00 price target on shares of Stevanato Group in a report on Monday, April 22nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of Stevanato Group in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of €34.29 ($36.87).

Stevanato Group Stock Performance

Shares of STVN stock opened at €26.45 ($28.44) on Monday. The company’s fifty day simple moving average is €29.63 and its two-hundred day simple moving average is €29.13. Stevanato Group S.p.A. has a 52 week low of €23.00 ($24.73) and a 52 week high of €36.30 ($39.03). The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23.

Stevanato Group (NYSE:STVN) last posted its earnings results on Thursday, March 7th. The company reported €0.18 ($0.19) EPS for the quarter, missing analysts’ consensus estimates of €0.19 ($0.20) by (€0.01) (($0.01)). Stevanato Group had a return on equity of 14.31% and a net margin of 13.43%. The firm had revenue of €320.60 million during the quarter, compared to analysts’ expectations of €326.85 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Stevanato Group’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, research analysts predict that Stevanato Group S.p.A. will post 0.67 EPS for the current year.

About Stevanato Group

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.