Comerica Bank Decreases Stock Holdings in Envista Holdings Corporation $NVST

Key Points

• Comerica Bank reduced its holdings in Envista Holdings Corporation by 13.9%, selling 16,940 shares and holding approximately 104,911 shares valued at $1.81 million.
• Palouse Capital Management Inc. increased its stake in Envista by 14.4%, contributing to overall institutional investment activity in the company.
• Envista's stock recently traded at $21.29, with a market capitalization of $3.54 billion and earnings per share (EPS) guidance of $1.050-1.15 for FY 2025.

Comerica Bank cut its holdings in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 13.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,911 shares of the company's stock after selling 16,940 shares during the period. Comerica Bank owned approximately 0.06% of Envista worth $1,811,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Palouse Capital Management Inc. boosted its position in Envista by 14.4% in 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 last quarter. UMB Bank n.a. lifted its position in shares of Envista by 214.4% during the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock valued at $36,000 after buying an additional 1,428 shares in the last quarter. New Age Alpha Advisors LLC lifted its position in shares of Envista by 7.1% during the 1st quarter. New Age Alpha Advisors LLC now owns 24,842 shares of the company's stock valued at $429,000 after buying an additional 1,655 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Envista by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 396,548 shares of the company's stock valued at $6,844,000 after buying an additional 2,008 shares in the last quarter. Finally, Vise Technologies Inc. lifted its position in shares of Envista by 14.7% during the 4th quarter. Vise Technologies Inc. now owns 16,016 shares of the company's stock valued at $309,000 after buying an additional 2,056 shares in the last quarter.

Envista Price Performance

NYSE NVST traded up $0.51 during trading hours on Friday, reaching $21.29. The company's stock had a trading volume of 1,910,077 shares, compared to its average volume of 1,606,188. The firm's 50-day moving average price is $20.44 and its 200-day moving average price is $18.59. The company has a quick ratio of 2.08, a current ratio of 2.44 and a debt-to-equity ratio of 0.46. Envista Holdings Corporation has a 1 year low of $14.22 and a 1 year high of $23.00. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 66.52, a PEG ratio of 1.11 and a beta of 0.99.

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, topping analysts' consensus estimates of $0.24 by $0.02. Envista had a return on equity of 4.84% and a net margin of 2.11%.The company had revenue of $682.10 million for the quarter, compared to analysts' expectations of $638.21 million. During the same period in the previous year, the firm earned $0.11 EPS. The firm's 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. On average, equities research analysts predict that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NVST shares. Piper Sandler lifted their price objective on Envista from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their price objective on Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Wall Street Zen cut Envista from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Stifel Nicolaus lifted their price objective on Envista from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.92.

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.