Stevanato Group S.p.A. (NYSE:STVN) Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp trimmed its holdings in shares of Stevanato Group S.p.A. (NYSE:STVN) by 2.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 48,615 shares of the company’s stock after selling 1,341 shares during the quarter. AMI Asset Management Corp’s holdings in Stevanato Group were worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in shares of Stevanato Group during the 4th quarter valued at approximately $41,000. Wells Fargo & Company MN increased its holdings in Stevanato Group by 680.3% in the 4th quarter. Wells Fargo & Company MN now owns 3,246 shares of the company’s stock worth $71,000 after acquiring an additional 2,830 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Stevanato Group by 1,457.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the company’s stock worth $123,000 after acquiring an additional 5,291 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Stevanato Group by 202.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company’s stock worth $162,000 after acquiring an additional 4,965 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Stevanato Group by 17.9% in the 4th quarter. US Bancorp DE now owns 8,527 shares of the company’s stock worth $186,000 after acquiring an additional 1,295 shares in the last quarter.

Stevanato Group Trading Up 2.9%

Shares of STVN opened at €25.31 ($29.43) on Thursday. Stevanato Group S.p.A. has a 52-week low of €16.85 ($19.59) and a 52-week high of €25.75 ($29.94). The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is €22.90 and its two-hundred day moving average is €21.84. The stock has a market cap of $7.66 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 2.35 and a beta of 0.53.

Stevanato Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.0613 per share. This represents a yield of 0.3%. The ex-dividend date of this dividend is Thursday, June 5th. This is a boost from Stevanato Group’s previous annual dividend of $0.05.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. William Blair reissued an “outperform” rating on shares of Stevanato Group in a report on Friday, March 7th. UBS Group cut their price target on shares of Stevanato Group from $24.00 to $23.50 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, Stephens raised shares of Stevanato Group to a “strong-buy” rating in a report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Stevanato Group presently has an average rating of “Moderate Buy” and a consensus target price of €25.70 ($29.88).

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.