Teacher Retirement System of Texas Has $27.24 Million Stake in Stevanato Group S.p.A. (NYSE:STVN)

Teacher Retirement System of Texas raised its stake in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 56.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,250,000 shares of the company's stock after purchasing an additional 450,000 shares during the quarter. Teacher Retirement System of Texas owned 0.41% of Stevanato Group worth $27,238,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in STVN. Conestoga Capital Advisors LLC increased its stake in Stevanato Group by 5.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 8,082,996 shares of the company's stock valued at $176,128,000 after acquiring an additional 407,086 shares during the period. TimesSquare Capital Management LLC increased its position in shares of Stevanato Group by 114.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,288,529 shares of the company's stock valued at $71,657,000 after purchasing an additional 1,756,100 shares during the period. Wellington Management Group LLP increased its position in shares of Stevanato Group by 4.5% during the third quarter. Wellington Management Group LLP now owns 2,693,588 shares of the company's stock valued at $53,872,000 after purchasing an additional 115,050 shares during the period. Bamco Inc. NY raised its stake in shares of Stevanato Group by 1.3% in the third quarter. Bamco Inc. NY now owns 1,685,181 shares of the company's stock valued at $33,704,000 after purchasing an additional 21,469 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in Stevanato Group by 24.2% in the third quarter. Fred Alger Management LLC now owns 1,070,557 shares of the company's stock worth $21,411,000 after purchasing an additional 208,830 shares during the period.

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Wall Street Analysts Forecast Growth

STVN has been the topic of several analyst reports. William Blair reissued an "outperform" rating on shares of Stevanato Group in a report on Friday, March 7th. UBS Group dropped 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. Wolfe Research initiated coverage on Stevanato Group in a report on Friday, December 13th. They set an "outperform" rating and a $28.00 price objective on the stock. Morgan Stanley reiterated an "equal weight" rating and issued a $23.00 price objective (down from $24.00) on shares of Stevanato Group in a research note on Tuesday, December 3rd. Finally, Bank of America raised their target price on Stevanato Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Stevanato Group currently has an average rating of "Moderate Buy" and a consensus price target of €27.75 ($29.84).

Stevanato Group Price Performance

Shares of NYSE STVN traded down €0.41 ($0.44) during mid-day trading on Tuesday, hitting €21.94 ($23.59). 60,866 shares of the stock were exchanged, compared to its average volume of 342,533. Stevanato Group S.p.A. has a twelve month low of €16.56 ($17.81) and a twelve month high of €33.49 ($36.01). The stock's fifty day simple moving average is €21.04 and its two-hundred day simple moving average is €20.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81. The company has a market cap of $6.64 billion, a P/E ratio of 46.68, a PEG ratio of 7.18 and a beta of 0.60.

Stevanato Group (NYSE:STVN - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported €0.20 ($0.22) earnings per share for the quarter, meeting analysts' consensus estimates of €0.20 ($0.22). The firm had revenue of €352.68 million during the quarter, compared to analysts' expectations of €346.26 million. Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. As a group, analysts forecast 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.