Jupiter Asset Management Ltd. Has $18.68 Million Position in Envista Holdings Corporation (NYSE:NVST)

Key Points

• Jupiter Asset Management Ltd. reduced its stake in Envista Holdings Corporation by 5.9%, owning 1,082,371 shares after selling 67,323 shares, while also reporting a value of approximately $18.7 million.
• Several institutional investors, including GAMMA Investing LLC and Norges Bank, made significant changes to their positions, with GAMMA increasing its stake by 1,338.3% during the first quarter.
• Envista reported a quarterly earnings per share of $0.26, exceeding expectations, and showed a 7.7% increase in revenue compared to the same quarter last year.

Jupiter Asset Management Ltd. lowered its holdings in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,082,371 shares of the company's stock after selling 67,323 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.64% of Envista worth $18,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ariel Investments LLC boosted 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 acquiring an additional 699,625 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Envista by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,762,091 shares of the company's stock worth $130,440,000 after acquiring an additional 1,089,923 shares during the last quarter. Gates Capital Management Inc. raised its stake in shares of Envista by 15.1% in the fourth quarter. Gates Capital Management Inc. now owns 4,694,148 shares of the company's stock worth $90,550,000 after acquiring an additional 615,577 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Envista by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,271,175 shares of the company's stock worth $63,101,000 after acquiring an additional 283,415 shares during the last quarter. Finally, Pzena Investment Management LLC raised its stake in shares of Envista by 160.7% in the first quarter. Pzena Investment Management LLC now owns 2,294,257 shares of the company's stock worth $39,599,000 after acquiring an additional 1,414,080 shares during the last quarter.

Wall Street Analysts Forecast Growth

NVST has been the subject of a number of recent research reports. Mizuho boosted their price target on shares of Envista from $15.00 to $18.00 and gave the stock an "underperform" rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their price target on shares of Envista from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Stifel Nicolaus boosted their price target on shares of Envista from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Piper Sandler boosted their price target on shares of Envista from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Finally, Robert W. Baird raised shares of Envista from a "neutral" rating to an "outperform" rating and boosted their price target 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 sell rating, nine have assigned a hold rating, four have issued a buy rating and two have given a strong buy 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 Stock Down 0.1%

Shares of NVST stock traded down $0.02 during trading hours on Thursday, hitting $19.69. 142,062 shares of the company were exchanged, compared to its average volume of 2,618,723. The business has a 50 day moving average of $19.55 and a two-hundred day moving average of $18.63. The company has a current ratio of 2.44, a quick ratio of 2.08 and a debt-to-equity ratio of 0.46. Envista Holdings Corporation has a 52 week low of $14.22 and a 52 week high of $23.00. The company has a market capitalization of $3.27 billion, a PE ratio of 61.50, a PEG ratio of 1.07 and a beta of 1.00.

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 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 company had revenue of $682.10 million during the quarter, compared to the consensus estimate of $638.21 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

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.