AlphaQuest LLC Invests $458,000 in Envista Holdings Corporation $NVST

Key Points

• AlphaQuest LLC acquired a new stake in Envista Holdings Corporation, purchasing 26,555 shares worth approximately $458,000 in the first quarter.
• Analysts have been upgrading their ratings for Envista, with Robert W. Baird raising its target price from $21.00 to $23.00, reflecting a positive outlook on the company's performance.
• Envista recently reported earnings of $0.26 per share, surpassing the consensus estimate of $0.24, alongside a revenue of $682.10 million for the quarter.

AlphaQuest LLC bought a new position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,555 shares of the company's stock, valued at approximately $458,000.

A number of other hedge funds have also modified their holdings of NVST. UMB Bank n.a. grew its position in shares of Envista by 214.4% during the first quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock worth $36,000 after acquiring an additional 1,428 shares during the last quarter. Palouse Capital Management Inc. grew its position in shares of Envista by 14.4% during the first quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock worth $163,000 after acquiring an additional 1,186 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in shares of Envista during the first quarter worth approximately $180,000. Vestcor Inc purchased a new position in shares of Envista during the first quarter worth approximately $211,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Envista by 51.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock worth $213,000 after acquiring an additional 3,751 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NVST shares. Baird R W upgraded shares of Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Stifel Nicolaus increased their price target on Envista from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Piper Sandler increased their price target on Envista from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Mizuho increased their price target on Envista from $15.00 to $18.00 and gave the stock an "underperform" rating in a report on Friday, August 1st. Finally, UBS Group increased their price target on Envista from $18.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.92.

Envista Price Performance

Envista stock traded down $0.11 during midday trading on Monday, reaching $21.15. The company's stock had a trading volume of 1,038,714 shares, compared to its average volume of 1,878,506. Envista Holdings Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $23.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.08 and a current ratio of 2.44. The stock's 50 day simple moving average is $20.33 and its 200 day simple moving average is $18.57. The firm has a market capitalization of $3.51 billion, a PE ratio of 66.08, a P/E/G ratio of 1.13 and a beta of 0.99.

Envista (NYSE:NVST - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Envista had a return on equity of 4.84% and a net margin of 2.11%.The company had revenue of $682.10 million during the quarter, compared to the consensus estimate of $638.21 million. During the same quarter last year, the company earned $0.11 earnings per share. Envista's quarterly revenue was up 7.7% compared to the same quarter last year. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. On average, equities research analysts forecast that Envista Holdings Corporation will post 1 earnings per share for the current year.

Envista Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.