15,851 Shares in Envista Holdings Corporation $NVST Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP acquired 15,851 shares of Envista Holdings Corporation for approximately $274,000 during the first quarter, marking a new stake in the company.
• Envista's stock prices have fluctuated between a 1-year low of $14.22 and a high of $23.00, with the company recently posting earnings per share of $0.26, exceeding estimates.
• Several analysts have updated their ratings on Envista, with Robert W. Baird upgrading it to "outperform" and increasing the price target from $21.00 to $23.00.

Aigen Investment Management LP purchased a new stake in Envista Holdings Corporation (NYSE:NVST - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,851 shares of the company's stock, valued at approximately $274,000.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in Envista by 214.4% in the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock valued at $36,000 after acquiring an additional 1,428 shares during the period. Palouse Capital Management Inc. increased its holdings 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 purchasing an additional 1,186 shares during the period. FourThought Financial Partners LLC bought a new position in shares of Envista during the first quarter worth approximately $180,000. Tower Research Capital LLC TRC increased its holdings 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 purchasing an additional 3,751 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in shares of Envista by 53.9% during the fourth quarter. Sterling Capital Management LLC now owns 11,105 shares of the company's stock worth $214,000 after purchasing an additional 3,888 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NVST shares. Piper Sandler raised their target price on shares of Envista from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Morgan Stanley lifted their price objective on Envista from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Stifel Nicolaus lifted their price objective on Envista from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Mizuho lifted their price objective on Envista from $15.00 to $18.00 and gave the company an "underperform" rating in a report on Friday, August 1st. One 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 company's stock. According to data from MarketBeat.com, Envista has a consensus rating of "Hold" and an average target price of $20.92.

Envista Price Performance

NYSE:NVST traded down $0.0140 during mid-day trading on Tuesday, reaching $20.7560. The stock had a trading volume of 246,710 shares, compared to its average volume of 2,590,589. The stock has a 50-day simple moving average of $19.88 and a two-hundred day simple moving average of $18.57. The stock has a market capitalization of $3.45 billion, a PE ratio of 64.91, a P/E/G ratio of 1.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.44 and a quick ratio of 2.08. Envista Holdings Corporation has a 12 month low of $14.22 and a 12 month high of $23.00.

Envista (NYSE:NVST - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The business had revenue of $682.10 million for the quarter, compared to analysts' expectations of $638.21 million. Envista had a net margin of 2.11% and a return on equity of 4.84%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. On average, equities analysts anticipate 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.