LPL Financial LLC Purchases 16,915 Shares of Stevanato Group S.p.A. (NYSE:STVN)

LPL Financial LLC grew its position in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 85,721 shares of the company's stock after acquiring an additional 16,915 shares during the period. LPL Financial LLC's holdings in Stevanato Group were worth $1,940,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Fox Run Management L.L.C. bought a new stake in Stevanato Group during the fourth quarter valued at $317,000. Teacher Retirement System of Texas increased its stake in Stevanato Group by 56.3% in the fourth quarter. Teacher Retirement System of Texas now owns 1,250,000 shares of the company's stock valued at $27,238,000 after purchasing an additional 450,000 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Stevanato Group during the fourth quarter valued at about $1,026,000. Royce & Associates LP grew its stake in shares of Stevanato Group by 33.6% in the 4th quarter. Royce & Associates LP now owns 458,335 shares of the company's stock valued at $9,987,000 after buying an additional 115,176 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in Stevanato Group by 5.4% in the fourth quarter. Natixis Advisors LLC now owns 54,128 shares of the company's stock worth $1,179,000 after acquiring an additional 2,785 shares in the last quarter.

Stevanato Group Price Performance

Shares of STVN traded down €0.20 ($0.23) during midday trading on Friday, reaching €21.88 ($24.86). The stock had a trading volume of 349,200 shares, compared to its average volume of 353,229. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 46.55, a price-to-earnings-growth ratio of 7.18 and a beta of 0.52. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. Stevanato Group S.p.A. has a 12-month low of €16.56 ($18.82) and a 12-month high of €29.11 ($33.08). The company's 50-day moving average is €20.52 and its 200 day moving average is €20.66.

Stevanato Group (NYSE:STVN - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported €0.20 ($0.23) earnings per share (EPS) for the quarter, meeting the consensus estimate of €0.20 ($0.23). 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 predict that Stevanato Group S.p.A. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group cut their price target on Stevanato Group from $24.00 to $23.50 and set a "neutral" rating for the company in a research note on Friday, March 7th. William Blair reissued an "outperform" rating on shares of Stevanato Group in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stevanato Group has an average rating of "Moderate Buy" and an average target price of €25.70 ($29.20).

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.