Lindenwold Advisors INC Acquires 1,415 Shares of Stevanato Group S.p.A. (NYSE:STVN)

Lindenwold Advisors INC increased its holdings in shares of Stevanato Group S.p.A. (NYSE:STVN) by 13.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,930 shares of the company’s stock after purchasing an additional 1,415 shares during the period. Lindenwold Advisors INC’s holdings in Stevanato Group were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Hilltop National Bank grew its position in shares of Stevanato Group by 34.3% during the 2nd quarter. Hilltop National Bank now owns 4,395 shares of the company’s stock worth $81,000 after buying an additional 1,122 shares during the period. nVerses Capital LLC acquired a new stake in Stevanato Group in the third quarter worth $84,000. Harbor Capital Advisors Inc. grew its holdings in Stevanato Group by 109.1% in the second quarter. Harbor Capital Advisors Inc. now owns 8,867 shares of the company’s stock worth $163,000 after purchasing an additional 4,626 shares during the period. Raymond James Trust N.A. increased its stake in 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 purchasing an additional 1,613 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Stevanato Group by 59.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,941 shares of the company’s stock valued at $219,000 after purchasing an additional 4,441 shares during the period.

Analysts Set New Price Targets

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

Stevanato Group Stock Performance

Shares of STVN stock opened at €17.77 ($18.90) on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81. The firm has a fifty day simple moving average of €19.50 and a two-hundred day simple moving average of €19.88. Stevanato Group S.p.A. has a 12 month low of €16.56 ($17.62) and a 12 month high of €34.73 ($36.95).

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