Stevanato Group S.p.A. (NYSE:STVN) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in Stevanato Group S.p.A. (NYSE:STVN) by 324.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,853 shares of the company’s stock after purchasing an additional 83,191 shares during the quarter. TD Asset Management Inc’s holdings in Stevanato Group were worth $1,996,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hilltop National Bank increased its position in shares of Stevanato Group by 34.3% during the second quarter. Hilltop National Bank now owns 4,395 shares of the company’s stock worth $81,000 after purchasing an additional 1,122 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Stevanato Group by 54.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,089 shares of the company’s stock worth $84,000 after buying an additional 1,086 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Stevanato Group by 109.1% in the second quarter. Harbor Capital Advisors Inc. now owns 8,867 shares of the company’s stock valued at $163,000 after buying an additional 4,626 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Stevanato Group by 18.7% in the second quarter. Raymond James Trust N.A. now owns 10,239 shares of the company’s stock valued at $188,000 after acquiring an additional 1,613 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Stevanato Group during the first quarter worth approximately $241,000.

Wall Street Analysts Forecast Growth

STVN has been the subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of Stevanato Group from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, July 15th. Citigroup decreased their target price on shares of Stevanato Group from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of €30.60 ($33.63).

Stevanato Group Trading Down 0.2 %

STVN stock opened at €19.27 ($21.18) on Friday. The company has a fifty day moving average of €20.35 and a 200-day moving average of €23.25. Stevanato Group S.p.A. has a one year low of €16.56 ($18.20) and a one year high of €35.56 ($39.08). The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.74.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported €0.09 ($0.10) earnings per share for the quarter, missing the consensus estimate of €0.10 ($0.11) by (€0.01) (($0.01)). Stevanato Group had a net margin of 11.27% and a return on equity of 10.89%. The firm had revenue of €259.60 million during the quarter, compared to the consensus estimate of €254.92 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Stevanato Group S.p.A. will post 0.5 EPS for the current year.

About Stevanato Group

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.