King Wealth Management Group Grows Holdings in Stevanato Group S.p.A. (NYSE:STVN)

King Wealth Management Group raised its position in Stevanato Group S.p.A. (NYSE:STVN) by 30.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,800 shares of the company’s stock after buying an additional 22,000 shares during the period. King Wealth Management Group’s holdings in Stevanato Group were worth $1,896,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new position in shares of Stevanato Group during the first quarter worth about $241,000. Russell Investments Group Ltd. increased its holdings in shares of Stevanato Group by 10.8% in the 1st quarter. Russell Investments Group Ltd. now owns 78,317 shares of the company’s stock valued at $2,514,000 after acquiring an additional 7,615 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Stevanato Group by 13.1% in the first quarter. Clearbridge Investments LLC now owns 1,729,397 shares of the company’s stock worth $55,514,000 after purchasing an additional 200,753 shares during the period. Thornburg Investment Management Inc. boosted its holdings in shares of Stevanato Group by 14.5% in the 1st quarter. Thornburg Investment Management Inc. now owns 196,840 shares of the company’s stock valued at $6,319,000 after buying an additional 25,000 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Stevanato Group by 5.7% during the 1st quarter. Bessemer Group Inc. now owns 292,726 shares of the company’s stock valued at $9,396,000 after buying an additional 15,831 shares during the last quarter.

Stevanato Group Trading Down 0.3 %

Shares of STVN stock opened at €20.50 ($21.81) on Friday. Stevanato Group S.p.A. has a 1 year low of €16.56 ($17.62) and a 1 year high of €34.73 ($36.95). The stock has a fifty day moving average of €19.60 and a two-hundred day moving average of €20.11. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22.

Stevanato Group (NYSE:STVN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported €0.12 ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of €0.13 ($0.14) by (€0.01) (($0.01)). The company had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. Equities analysts forecast that Stevanato Group S.p.A. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup dropped their price target on Stevanato Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th.

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.