Deutsche Bank AG Cuts Stock Holdings in 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 cut its stake in Envista Holdings Corporation (NYSE:NVST - Free Report) by 11.3% in the first quarter, according to its most recent disclosure 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 approximately 0.06% of Envista worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. UMB Bank n.a. grew its position in shares of Envista by 214.4% in the first quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock valued at $36,000 after purchasing an additional 1,428 shares in the last quarter. Palouse Capital Management Inc. grew its position in shares of Envista by 14.4% in the first quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock valued at $163,000 after purchasing an additional 1,186 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in Envista in the first quarter valued at approximately $180,000. Vestcor Inc acquired a new position in Envista in the first quarter valued at approximately $211,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Envista by 51.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock valued at $213,000 after acquiring an additional 3,751 shares during the last quarter.

Envista Stock Up 0.4%

Shares of Envista stock traded up $0.09 during trading hours on Wednesday, reaching $21.23. 2,782,404 shares of the company were exchanged, compared to its average volume of 2,486,156. Envista Holdings Corporation has a 1 year low of $14.22 and a 1 year high of $23.00. The stock's fifty day moving average is $20.19 and its 200 day moving average is $18.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.08 and a current ratio of 2.44. The firm has a market cap of $3.53 billion, a PE ratio of 66.34, a PEG ratio of 1.13 and a beta of 1.00.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.26 earnings per share 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 business had revenue of $682.10 million for the quarter, compared to analyst estimates of $638.21 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. As a group, equities research analysts forecast that Envista Holdings Corporation will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

NVST has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Envista from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 1st. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Bank of America decreased their price target on Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Piper Sandler upped their price target on Envista from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company upped their price target on Envista from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. One research 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 given a Sell rating to the stock. According to data from 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.