Deutsche Bank AG Sells 13,559 Shares of Envista Holdings Corporation $NVST

Key Points

• Deutsche Bank AG reduced its stake in Envista Holdings Corporation by 11.3%, selling 13,559 shares in the first quarter, leaving it with 105,962 shares valued at approximately $1.83 million.
• Several analysts have recently raised their target prices for Envista, with Evercore ISI setting a new target of $23.00, indicating an overall mixed rating with most analysts suggesting a Hold.
• Envista reported a 7.7% year-over-year increase in quarterly revenue, achieving $682.10 million, while beating earnings per share expectations with a result of $0.26 compared to the consensus estimate of $0.24.

Deutsche Bank AG lowered its stake in Envista Holdings Corporation (NYSE:NVST - Free Report) by 11.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,962 shares of the company's stock after selling 13,559 shares during the period. Deutsche Bank AG owned 0.06% of Envista worth $1,829,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of Envista by 214.4% during the first quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock worth $36,000 after purchasing an additional 1,428 shares during the period. Palouse Capital Management Inc. lifted 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 acquired a new position in shares of Envista during the first quarter worth $180,000. Vestcor Inc acquired a new position in shares of Envista during the first quarter worth $211,000. Finally, Tower Research Capital LLC TRC lifted 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.

Envista Stock Up 5.9%

NVST traded up $1.2090 during midday trading on Friday, hitting $21.6690. The company had a trading volume of 1,558,799 shares, compared to its average volume of 2,653,525. Envista Holdings Corporation has a 52 week low of $14.22 and a 52 week high of $23.00. 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 market capitalization of $3.60 billion, a price-to-earnings ratio of 67.72, a PEG ratio of 1.16 and a beta of 1.00. The stock's 50 day moving average price is $20.04 and its 200 day moving average price is $18.60.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Envista had a net margin of 2.11% and a return on equity of 4.84%. The firm had revenue of $682.10 million during the quarter, compared to the consensus estimate of $638.21 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The business'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, research analysts anticipate that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on NVST. Baird R W upgraded shares of Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Bank of America cut their price target on shares of Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Evercore ISI lifted their target price on shares of Envista from $19.00 to $23.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. UBS Group lifted their target price on shares of Envista from $18.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird raised shares of Envista from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $21.00 to $23.00 in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.