Mutual of America Capital Management LLC Makes New Investment in Stevanato Group S.p.A. (NYSE:STVN)

Mutual of America Capital Management LLC bought a new position in shares of Stevanato Group S.p.A. (NYSE:STVN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 635,531 shares of the company’s stock, valued at approximately $13,848,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STVN. Van Berkom & Associates Inc. bought a new stake in shares of Stevanato Group during the fourth quarter worth $39,000. Hardy Reed LLC grew its stake in shares of Stevanato Group by 8.2% in the third quarter. Hardy Reed LLC now owns 11,077 shares of the company’s stock worth $222,000 after purchasing an additional 840 shares during the last quarter. Lindenwold Advisors INC grew its stake in shares of Stevanato Group by 13.5% in the third quarter. Lindenwold Advisors INC now owns 11,930 shares of the company’s stock worth $239,000 after purchasing an additional 1,415 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Stevanato Group by 22.6% in the third quarter. Raymond James Trust N.A. now owns 12,556 shares of the company’s stock worth $251,000 after purchasing an additional 2,317 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Stevanato Group by 12.7% in the third quarter. Captrust Financial Advisors now owns 13,100 shares of the company’s stock worth $262,000 after purchasing an additional 1,480 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on STVN shares. Morgan Stanley reissued an “equal weight” rating and issued a $23.00 price objective (down previously from $24.00) on shares of Stevanato Group in a research note on Tuesday, December 3rd. Wolfe Research started coverage on shares of Stevanato Group in a research note on Friday, December 13th. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Bank of America boosted their price objective on shares of Stevanato Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Stevanato Group has a consensus rating of “Moderate Buy” and an average price target of €28.60 ($29.79).

Stevanato Group Price Performance

STVN stock opened at €18.44 ($19.21) on Friday. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 7.18 and a beta of 0.56. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.22. Stevanato Group S.p.A. has a 12-month low of €16.56 ($17.25) and a 12-month high of €34.00 ($35.42). The company’s fifty day simple moving average is €21.54 and its 200 day simple moving average is €20.54.

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.