Envista Holdings Corporation $NVST Shares Acquired by Clarkston Capital Partners LLC

Key Points

• Clarkston Capital Partners LLC increased its stake in Envista Holdings Corporation by 9.3%, owning 4,686,747 shares valued at approximately $80.9 million.
• Envista reported a quarterly earnings per share (EPS) of $0.26, exceeding analyst expectations of $0.24, with revenues reaching $682.1 million.
• The stock has a consensus rating of "Hold" from analysts, with a median price target of $20.92.

Clarkston Capital Partners LLC lifted its position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,686,747 shares of the company's stock after purchasing an additional 398,672 shares during the quarter. Envista accounts for approximately 1.6% of Clarkston Capital Partners LLC's portfolio, making the stock its 23rd largest holding. Clarkston Capital Partners LLC owned 2.77% of Envista worth $80,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVST. Ariel Investments LLC lifted its position in shares of Envista by 6.2% during the 4th quarter. Ariel Investments LLC now owns 12,059,624 shares of the company's stock valued at $232,630,000 after buying an additional 699,625 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Envista by 24.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,387,297 shares of the company's stock valued at $144,760,000 after buying an additional 1,625,206 shares in the last quarter. Gates Capital Management Inc. lifted its position in shares of Envista by 15.1% during the 4th quarter. Gates Capital Management Inc. now owns 4,694,148 shares of the company's stock valued at $90,550,000 after buying an additional 615,577 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Envista by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,375,109 shares of the company's stock valued at $40,994,000 after buying an additional 57,478 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its position in shares of Envista by 160.7% during the 1st quarter. Pzena Investment Management LLC now owns 2,294,257 shares of the company's stock valued at $39,599,000 after buying an additional 1,414,080 shares in the last quarter.

Envista Stock Down 0.0%

Shares of NYSE:NVST opened at $20.7050 on Thursday. The business has a 50-day moving average price of $19.94 and a 200 day moving average price of $18.60. The company has a current ratio of 2.44, a quick ratio of 2.08 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 64.71, a PEG ratio of 1.11 and a beta of 1.00. 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 issued its quarterly earnings data on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $682.10 million during the quarter, compared to the consensus estimate of $638.21 million. Envista had a return on equity of 4.84% and a net margin of 2.11%.The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.11 EPS. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. Sell-side analysts expect that Envista Holdings Corporation will post 1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NVST shares. Wall Street Zen upgraded Envista from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $21.00 to $23.00 in a report on Tuesday, May 27th. UBS Group raised their price objective on Envista from $18.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Evercore ISI raised their price objective on Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, Bank of America decreased their price objective on Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.92.

Envista Company 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.

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