Envista Holdings Corporation $NVST Shares Purchased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its ownership of Envista Holdings Corporation by 36.0% in the first quarter, acquiring an additional 384,183 shares, bringing its total to 1,451,131 shares.
• Envista's quarterly earnings beat expectations, reporting $0.26 EPS, compared to the consensus estimate of $0.24 EPS, and revenue increased by 7.7% year-over-year to $682.10 million.
• Analysts have recently adjusted their price targets for Envista shares, with an average target of $20.92 and varying ratings from "Strong Buy" to "Sell".

AQR Capital Management LLC lifted its stake in Envista Holdings Corporation (NYSE:NVST - Free Report) by 36.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,451,131 shares of the company's stock after buying an additional 384,183 shares during the quarter. AQR Capital Management LLC owned approximately 0.86% of Envista worth $24,466,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NVST. Brickwood Asset Management LLP purchased a new position in Envista during the fourth quarter worth approximately $40,037,000. Dimensional Fund Advisors LP boosted its position in Envista by 24.0% during the first quarter. Dimensional Fund Advisors LP now owns 8,387,297 shares of the company's stock worth $144,760,000 after purchasing an additional 1,625,206 shares in the last quarter. Pzena Investment Management LLC boosted its position in Envista by 160.7% during the first quarter. Pzena Investment Management LLC now owns 2,294,257 shares of the company's stock worth $39,599,000 after purchasing an additional 1,414,080 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Envista by 288.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,075,344 shares of the company's stock worth $20,743,000 after purchasing an additional 798,366 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in Envista by 243.7% during the first quarter. Trexquant Investment LP now owns 1,065,849 shares of the company's stock worth $18,397,000 after purchasing an additional 755,725 shares in the last quarter.

Envista Price Performance

Shares of NYSE:NVST traded down $0.56 during midday trading on Friday, hitting $21.05. The company had a trading volume of 1,223,509 shares, compared to its average volume of 1,488,205. Envista Holdings Corporation has a twelve month low of $14.22 and a twelve month high of $23.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.44 and a quick ratio of 2.08. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 65.77, a price-to-earnings-growth ratio of 1.16 and a beta of 0.99. The business's 50-day simple moving average is $20.54 and its 200-day simple moving average is $18.57.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NVST shares. Morgan Stanley increased their price target on Envista from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Stifel Nicolaus raised their target price on Envista from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Wall Street Zen downgraded Envista from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and raised their target price for the company from $21.00 to $23.00 in a research report on Tuesday, May 27th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, Envista currently has a consensus rating of "Hold" and a consensus price target of $20.92.

Envista Company 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.