Hilltop National Bank Purchases 1,122 Shares of Stevanato Group S.p.A. (NYSE:STVN)

Hilltop National Bank increased its position in shares of Stevanato Group S.p.A. (NYSE:STVN) by 34.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,395 shares of the company’s stock after purchasing an additional 1,122 shares during the quarter. Hilltop National Bank’s holdings in Stevanato Group were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of STVN. Raymond James & Associates lifted its holdings in shares of Stevanato Group by 4.1% in the fourth quarter. Raymond James & Associates now owns 205,404 shares of the company’s stock worth $5,605,000 after acquiring an additional 8,088 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Stevanato Group by 62.1% in the fourth quarter. Fifth Third Bancorp now owns 4,009 shares of the company’s stock worth $109,000 after acquiring an additional 1,536 shares during the last quarter. Trust Point Inc. bought a new position in shares of Stevanato Group in the fourth quarter worth about $252,000. Yorktown Management & Research Co Inc bought a new position in shares of Stevanato Group in the fourth quarter worth about $254,000. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of Stevanato Group by 0.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 4,557,278 shares of the company’s stock worth $124,368,000 after acquiring an additional 23,190 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup lowered their price objective on Stevanato Group from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley lowered their price objective on 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. Finally, BNP Paribas assumed coverage on Stevanato Group in a research note on Monday, April 22nd. They issued an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Stevanato Group currently has an average rating of “Moderate Buy” and a consensus price target of €31.67 ($34.80).

Stevanato Group Trading Down 1.3 %

NYSE:STVN traded down €0.25 ($0.27) on Wednesday, reaching €19.62 ($21.56). 535,200 shares of the stock traded hands, compared to its average volume of 516,819. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 35.67, a price-to-earnings-growth ratio of 3.49 and a beta of 0.58. The company’s 50 day moving average is €19.27 and its 200-day moving average is €25.44. The company has a current ratio of 1.92, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. Stevanato Group S.p.A. has a 1-year low of €16.56 ($18.20) and a 1-year high of €36.30 ($39.89).

Stevanato Group (NYSE:STVN) last released its earnings results on Tuesday, August 6th. The company reported €0.09 ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of €0.10 ($0.11) by (€0.01) (($0.01)). The firm had revenue of €259.60 million for the quarter, compared to analyst estimates of €254.92 million. Stevanato Group had a net margin of 12.57% and a return on equity of 12.61%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. Equities research analysts anticipate that Stevanato Group S.p.A. will post 0.53 EPS for the current fiscal year.

Stevanato Group Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, July 15th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.053 per share. This represents a dividend yield of 0.29%. The ex-dividend date was Tuesday, June 4th.

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.