Jackson Square Partners LLC Has $5.76 Million Stock Position in Stevanato Group S.p.A. (NYSE:STVN)

Jackson Square Partners LLC boosted its stake in shares of Stevanato Group S.p.A. (NYSE:STVNFree Report) by 67.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,165 shares of the company’s stock after purchasing an additional 85,264 shares during the quarter. Jackson Square Partners LLC owned 0.07% of Stevanato Group worth $5,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its position in Stevanato Group by 327.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,593 shares of the company’s stock worth $43,000 after purchasing an additional 1,220 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Stevanato Group in the third quarter valued at $60,000. Fifth Third Bancorp raised its stake in Stevanato Group by 70.1% during the third quarter. Fifth Third Bancorp now owns 2,473 shares of the company’s stock worth $73,000 after acquiring an additional 1,019 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Stevanato Group during the third quarter valued at $115,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Stevanato Group by 14.1% in the 4th quarter. First Horizon Advisors Inc. now owns 5,311 shares of the company’s stock valued at $145,000 after purchasing an additional 657 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stephens restated an “overweight” rating and issued a $38.00 price target on shares of Stevanato Group in a research report on Monday, March 25th. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 target price on shares of Stevanato Group in a report on Monday, April 22nd. Finally, BNP Paribas began coverage on Stevanato Group in a report on Monday, April 22nd. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stevanato Group currently has an average rating of “Moderate Buy” and a consensus price target of €34.29 ($36.87).

Check Out Our Latest Analysis on STVN

Stevanato Group Stock Down 1.0 %

Shares of STVN traded down €0.20 ($0.22) during trading hours on Friday, hitting €20.71 ($22.27). 1,102,100 shares of the stock traded hands, compared to its average volume of 775,097. The company has a current ratio of 1.92, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of €27.88 and a 200-day moving average of €28.62. Stevanato Group S.p.A. has a 1-year low of €20.01 ($21.52) and a 1-year high of €36.30 ($39.03).

Stevanato Group (NYSE:STVNGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported €0.09 ($0.10) EPS for the quarter, missing the consensus estimate of €0.12 ($0.13) by (€0.03) (($0.03)). Stevanato Group had a net margin of 12.57% and a return on equity of 12.61%. The firm had revenue of €256.24 million for the quarter, compared to the consensus estimate of €261.28 million. Equities research analysts expect that Stevanato Group S.p.A. will post 0.55 earnings per share for the current year.

Stevanato Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Stevanato Group (NYSE:STVN)

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