Canada Pension Plan Investment Board Takes Position in Envista Holdings Corporation $NVST

Key Points

• Canada Pension Plan Investment Board acquired 191,353 Envista shares worth approximately $5.04 million, representing about 0.12% of the company. Other institutional investors, including Pzena Investment Management and Principal Financial Group, also increased or initiated positions.
• Analyst sentiment is generally positive, with Envista carrying a consensus “Moderate Buy” rating and an average price target of $29.31. Recent upgrades included Zacks Research and Wall Street Zen, both moving the stock to “Strong Buy.”
• Envista reported quarterly adjusted earnings of $0.41 per share, beating estimates of $0.34, while revenue rose 7.1% year over year to $730.5 million. The company’s shares opened at $27.15, within a 12-month range of $18.77 to $30.42.

Canada Pension Plan Investment Board acquired a new position in Envista Holdings Corporation (NYSE:NVST - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 191,353 shares of the company's stock, valued at approximately $5,042,000. Canada Pension Plan Investment Board owned about 0.12% of Envista at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in Envista in the second quarter valued at $2,039,000. Pzena Investment Management LLC bought a new stake in Envista during the second quarter worth about $30,494,000. Dimensional Fund Advisors LP boosted its holdings in shares of Envista by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company's stock worth $248,130,000 after purchasing an additional 152,488 shares in the last quarter. SummitTX Capital L.P. purchased a new stake in Envista in the first quarter worth approximately $4,268,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Envista by 36.8% in the 1st quarter. Principal Financial Group Inc. now owns 483,983 shares of the company's stock valued at $12,279,000 after purchasing an additional 130,237 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVST. JPMorgan Chase & Co. raised their price target on shares of Envista from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Weiss Ratings raised Envista from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. Zacks Research raised shares of Envista from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Wall Street Zen raised Envista from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 22nd. Finally, Morgan Stanley set a $23.00 target price on shares of Envista in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.31.

Envista Stock Performance

NYSE NVST opened at $27.15 on Monday. Envista Holdings Corporation has a twelve month low of $18.77 and a twelve month high of $30.42. The business has a 50-day moving average price of $27.12 and a 200-day moving average price of $26.35. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 46.81, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86.

Envista (NYSE:NVST - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $730.50 million during the quarter, compared to analyst estimates of $716.11 million. Envista had a net margin of 3.33% and a return on equity of 7.88%. Envista's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts predict that Envista Holdings Corporation will post 1.53 EPS for the current fiscal year.

Insider Activity at Envista

In related news, SVP Mischa Reis sold 8,000 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $27.50, for a total value of $220,000.00. Following the completion of the transaction, the senior vice president directly owned 27,321 shares of the company's stock, valued at approximately $751,327.50. This trade represents a 22.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.99% of the company's stock.

About Envista

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company's offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista's product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.

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