Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in Stevanato Group S.p.A. (NYSE:STVN)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Stevanato Group S.p.A. (NYSE:STVN) by 34.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,358 shares of the company’s stock after buying an additional 4,976 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Stevanato Group were worth $458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. bought a new stake in Stevanato Group in the fourth quarter worth $39,000. PNC Financial Services Group Inc. raised its position in shares of Stevanato Group by 1,457.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the company’s stock worth $123,000 after purchasing an additional 5,291 shares during the last quarter. US Bancorp DE boosted its stake in Stevanato Group by 17.9% in the 4th quarter. US Bancorp DE now owns 8,527 shares of the company’s stock worth $186,000 after purchasing an additional 1,295 shares in the last quarter. Marco Investment Management LLC purchased a new stake in Stevanato Group during the 4th quarter valued at about $203,000. Finally, Captrust Financial Advisors increased its stake in Stevanato Group by 12.7% during the 3rd quarter. Captrust Financial Advisors now owns 13,100 shares of the company’s stock valued at $262,000 after purchasing an additional 1,480 shares in the last quarter.

Stevanato Group Stock Performance

STVN stock opened at €20.98 ($22.80) on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. Stevanato Group S.p.A. has a 1 year low of €16.56 ($18.00) and a 1 year high of €31.61 ($34.36). The company has a market cap of $6.35 billion, a P/E ratio of 44.64, a price-to-earnings-growth ratio of 7.18 and a beta of 0.60. The stock’s fifty day moving average price is €20.81 and its 200-day moving average price is €20.62.

Stevanato Group (NYSE:STVN) last announced its earnings results on Thursday, March 6th. The company reported €0.20 ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of €0.20 ($0.22). Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The business had revenue of €352.68 million for the quarter, compared to analysts’ expectations of €346.26 million. On average, equities analysts forecast that Stevanato Group S.p.A. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on STVN shares. Wolfe Research started coverage on shares of Stevanato Group in a report on Friday, December 13th. They set an “outperform” rating and a $28.00 price target on the stock. Bank of America increased their target price on Stevanato Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, December 13th. William Blair reaffirmed an “outperform” rating on shares of Stevanato Group in a report on Friday, March 7th. Finally, UBS Group reduced their price objective on Stevanato Group from $24.00 to $23.50 and set a “neutral” rating for the company in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of €25.70 ($27.93).

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.