Quantbot Technologies LP Makes New Investment in Envista Holdings Corporation $NVST

Key Points

• Quantbot Technologies LP acquired 66,037 shares of Envista Holdings Corporation, valued at approximately $1,140,000, during the 1st quarter.
• Envista reported a quarterly EPS of $0.26, exceeding analysts' expectations of $0.24, with a revenue of $682.10 million, marking a 7.7% year-over-year increase.
• A number of brokerages have raised their price targets for Envista, with Evercore ISI targeting $23.00 and Piper Sandler raising their target to $19.00, reflecting positive sentiment about the company's stock.

Quantbot Technologies LP acquired a new stake in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 66,037 shares of the company's stock, valued at approximately $1,140,000.

A number of other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in Envista by 11.9% during the first quarter. Northern Trust Corp now owns 1,960,696 shares of the company's stock valued at $33,842,000 after purchasing an additional 209,053 shares during the period. Raymond James Financial Inc. grew its holdings in Envista by 10.7% during the first quarter. Raymond James Financial Inc. now owns 620,295 shares of the company's stock valued at $10,707,000 after purchasing an additional 60,030 shares during the period. Dimensional Fund Advisors LP grew its holdings in Envista by 24.0% during the first quarter. Dimensional Fund Advisors LP now owns 8,387,297 shares of the company's stock valued at $144,760,000 after purchasing an additional 1,625,206 shares during the period. Fox Run Management L.L.C. bought a new position in Envista in the first quarter valued at approximately $417,000. Finally, Nuveen LLC bought a new position in Envista in the first quarter valued at approximately $5,347,000.

Envista Stock Performance

NYSE NVST traded down $0.11 on Friday, hitting $21.15. 1,038,714 shares of the stock were exchanged, compared to its average volume of 2,144,046. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.44 and a quick ratio of 2.08. The business's fifty day moving average is $20.29 and its 200 day moving average is $18.61. Envista Holdings Corporation has a 52 week low of $14.22 and a 52 week high of $23.00. The company has a market capitalization of $3.51 billion, a PE ratio of 66.08, a P/E/G ratio of 1.14 and a beta of 1.00.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Envista had a net margin of 2.11% and a return on equity of 4.84%. The firm had revenue of $682.10 million for the quarter, compared to analyst estimates of $638.21 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company'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. Research analysts anticipate that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Robert W. Baird raised shares of Envista from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $21.00 to $23.00 in a research note on Tuesday, May 27th. Mizuho lifted their price target on shares of Envista from $15.00 to $18.00 and gave the company an "underperform" rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price target on shares of Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Morgan Stanley lifted their price target on shares of Envista from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, UBS Group lifted their price target on shares of Envista from $18.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.92.

About Envista

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.