Artisan Partners Limited Partnership Acquires 524,989 Shares of Stevanato Group S.p.A. (NYSE:STVN)

Artisan Partners Limited Partnership increased its position in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,355,799 shares of the company's stock after acquiring an additional 524,989 shares during the period. Artisan Partners Limited Partnership owned about 0.78% of Stevanato Group worth $51,333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Stevanato Group by 34.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 19,358 shares of the company's stock valued at $458,000 after acquiring an additional 4,976 shares during the period. Pier Capital LLC lifted its position in Stevanato Group by 2.9% during the fourth quarter. Pier Capital LLC now owns 381,624 shares of the company's stock valued at $8,316,000 after purchasing an additional 10,627 shares during the period. Zions Bancorporation N.A. boosted its holdings in Stevanato Group by 29.7% in the fourth quarter. Zions Bancorporation N.A. now owns 68,017 shares of the company's stock worth $1,482,000 after purchasing an additional 15,555 shares during the last quarter. Advantage Alpha Capital Partners LP grew its position in Stevanato Group by 27.3% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 293,865 shares of the company's stock worth $6,403,000 after purchasing an additional 63,041 shares during the period. Finally, LPL Financial LLC grew its position in Stevanato Group by 24.6% in the 4th quarter. LPL Financial LLC now owns 85,721 shares of the company's stock worth $1,940,000 after purchasing an additional 16,915 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. William Blair restated an "outperform" rating on shares of Stevanato Group in a research note on Friday, March 7th. Wolfe Research began coverage on Stevanato Group in a research note on Friday, December 13th. They set an "outperform" rating and a $28.00 price target for the company. UBS Group reduced their price target on shares of Stevanato Group from $24.00 to $23.50 and set a "neutral" rating for the company in a research report on Friday, March 7th. Morgan Stanley reissued an "equal weight" rating and issued a $23.00 price objective (down previously from $24.00) on shares of Stevanato Group in a report on Tuesday, December 3rd. Finally, Bank of America upped their target price on shares of Stevanato Group from $24.00 to $26.00 and gave the company a "buy" rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of €25.70 ($27.63).

Stevanato Group Stock Performance

Shares of NYSE:STVN traded up €0.06 ($0.06) during mid-day trading on Wednesday, reaching €20.94 ($22.52). 53,152 shares of the company traded hands, compared to its average volume of 341,263. The company's 50 day moving average price is €20.82 and its 200-day moving average price is €20.61. The firm has a market cap of $6.34 billion, a PE ratio of 44.55, a PEG ratio of 7.18 and a beta of 0.60. Stevanato Group S.p.A. has a 52 week low of €16.56 ($17.81) and a 52 week high of €31.61 ($33.99). The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21.

Stevanato Group (NYSE:STVN - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported €0.20 ($0.22) earnings per share for the quarter, hitting analysts' consensus estimates of €0.20 ($0.22). The business had revenue of €352.68 million during the quarter, compared to analyst estimates of €346.26 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. On average, equities analysts expect that Stevanato Group S.p.A. will post 0.5 EPS for the current fiscal year.

Stevanato Group 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.