Van Lanschot Kempen Investment Management N.V. Reduces Position in Envista Holdings Corporation $NVST

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Van Lanschot Kempen Investment Management N.V. lessened its position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 12.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,722,331 shares of the company's stock after selling 395,792 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 1.61% of Envista worth $46,987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC boosted its holdings in shares of Envista by 134.9% in the first quarter. Hsbc Holdings PLC now owns 68,434 shares of the company's stock worth $1,179,000 after buying an additional 39,300 shares during the last quarter. Quantbot Technologies LP bought a new stake in Envista during the first quarter valued at about $1,140,000. Northern Trust Corp raised its stake in Envista by 11.9% during the 1st quarter. Northern Trust Corp now owns 1,960,696 shares of the company's stock valued at $33,842,000 after purchasing an additional 209,053 shares during the period. Raymond James Financial Inc. lifted its holdings in Envista by 10.7% in the 1st quarter. Raymond James Financial Inc. now owns 620,295 shares of the company's stock worth $10,707,000 after purchasing an additional 60,030 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Envista by 24.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,387,297 shares of the company's stock worth $144,760,000 after purchasing an additional 1,625,206 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America reduced their price objective on shares of Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company lifted their price target on shares of Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Baird R W upgraded shares of Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Mizuho increased their price objective on shares of Envista from $15.00 to $18.00 and gave the company an "underperform" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Envista from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Envista has an average rating of "Hold" and a consensus price target of $20.92.

Envista Price Performance

Shares of NYSE:NVST traded up $1.2090 on Friday, reaching $21.6690. The company's stock had a trading volume of 1,558,799 shares, compared to its average volume of 2,653,525. The company has a 50-day simple moving average of $20.04 and a 200 day simple moving average of $18.60. Envista Holdings Corporation has a 52-week low of $14.22 and a 52-week high of $23.00. 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 company has a market cap of $3.60 billion, a P/E ratio of 67.72, a PEG ratio of 1.16 and a beta of 1.00.

Envista (NYSE:NVST - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm earned $0.11 EPS. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. As a group, equities research analysts anticipate that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

About Envista

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.