Luciano Santel Sells 2,023 Shares of Stevanato Group (NYSE:STVN) Stock

Stevanato Group S.p.A. (NYSE:STVN) Director Luciano Santel sold 2,023 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of €20.09, for a total value of €40,642.07. Following the transaction, the director owned 4,739 shares in the company, valued at €95,206.51. The trade was a 29.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Trading Down 0.2%

Shares of Stevanato Group stock opened at €21.02 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.08 and a current ratio of 1.61. The firm has a 50-day moving average of €18.88 and a 200-day moving average of €16.99. Stevanato Group S.p.A. has a 52-week low of €12.89 and a 52-week high of €28.00. The stock has a market cap of $6.36 billion, a PE ratio of 37.53, a PEG ratio of 1.72 and a beta of 0.77.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GW&K Investment Management LLC grew its stake in Stevanato Group by 76.2% during the fourth quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock worth $49,000 after buying an additional 1,055 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Stevanato Group by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock valued at $58,000 after buying an additional 773 shares in the last quarter. State of Wyoming raised its position in shares of Stevanato Group by 39,216.7% in the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after buying an additional 2,353 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Stevanato Group during the 3rd quarter worth approximately $68,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Stevanato Group by 1,268.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the company’s stock worth $112,000 after acquiring an additional 4,250 shares during the period.

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.