T. Rowe Price Investment Management Inc. Buys 439,722 Shares of Stevanato Group S.p.A. $STVN

T. Rowe Price Investment Management Inc. increased its stake in shares of Stevanato Group S.p.A. (NYSE:STVN) by 13.3% during the 1st quarter, Holdings Channel reports. The fund owned 3,744,714 shares of the company’s stock after acquiring an additional 439,722 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Stevanato Group were worth $76,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Van Berkom & Associates Inc. boosted its stake in Stevanato Group by 33.3% during the first quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company’s stock worth $49,000 after acquiring an additional 600 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Stevanato Group by 7.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,878 shares of the company’s stock worth $283,000 after acquiring an additional 1,004 shares in the last quarter. Whittier Trust Co. bought a new position in Stevanato Group during the first quarter worth $27,000. US Bancorp DE boosted its stake in Stevanato Group by 18.1% during the first quarter. US Bancorp DE now owns 10,072 shares of the company’s stock worth $206,000 after acquiring an additional 1,545 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Stevanato Group during the fourth quarter worth $41,000.

Analysts Set New Price Targets

Separately, William Blair restated an “outperform” rating on shares of Stevanato Group in a report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Performance

STVN opened at €22.52 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is €24.34 and its two-hundred day moving average price is €22.49. Stevanato Group S.p.A. has a 1-year low of €17.12 and a 1-year high of €28.00. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 2.16 and a beta of 0.55.

Stevanato Group Company 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.