Envista Holdings Corporation $NVST Shares Bought by Ariel Investments LLC

Key Points

• Ariel Investments LLC increased its stake in Envista Holdings Corporation (NYSE:NVST) by 0.7% in Q1, now owning approximately 12,144,745 shares valued at about $209.6 million.
• Envista reported a $0.26 EPS for the last quarter, exceeding estimates of $0.24, with revenues of $682.1 million, a 7.7% increase year-over-year.
• Analysts have mixed ratings for Envista stock, with a consensus price target of $20.92 and one analyst rating it as a Strong Buy.

Ariel Investments LLC boosted its holdings in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,144,745 shares of the company's stock after acquiring an additional 85,121 shares during the period. Envista comprises about 2.5% of Ariel Investments LLC's portfolio, making the stock its 11th largest position. Ariel Investments LLC owned approximately 7.17% of Envista worth $209,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Envista by 26.6% during the 1st quarter. Royal Bank of Canada now owns 23,240 shares of the company's stock worth $401,000 after acquiring an additional 4,885 shares in the last quarter. Gates Capital Management Inc. grew its holdings in Envista by 10.0% during the 1st quarter. Gates Capital Management Inc. now owns 5,163,745 shares of the company's stock worth $89,126,000 after acquiring an additional 469,597 shares in the last quarter. Vident Advisory LLC bought a new position in Envista during the 1st quarter worth about $444,000. Magnetar Financial LLC bought a new position in Envista during the 1st quarter worth about $1,151,000. Finally, State of Wyoming grew its holdings in Envista by 121.1% during the 1st quarter. State of Wyoming now owns 16,911 shares of the company's stock worth $292,000 after acquiring an additional 9,264 shares in the last quarter.

Envista Stock Performance

Shares of Envista stock traded up $0.51 during midday trading on Friday, hitting $21.29. The company had a trading volume of 1,910,077 shares, compared to its average volume of 1,606,188. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 66.52, a PEG ratio of 1.14 and a beta of 0.99. The company has a quick ratio of 2.08, a current ratio of 2.44 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $20.44 and a 200 day simple moving average of $18.56. 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 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $682.10 million during the quarter, compared to analyst estimates of $638.21 million. Envista had a net margin of 2.11% and a return on equity of 4.84%. Envista's revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. As a group, analysts predict that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on NVST shares. Wells Fargo & Company increased their price target on shares of Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Stifel Nicolaus increased their price target on shares of Envista from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Morgan Stanley increased their price target on shares of Envista from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Wall Street Zen lowered shares of Envista from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, UBS Group increased their price target on shares of Envista from $18.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Envista presently has a consensus rating of "Hold" and an average target price 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.