First Hawaiian Bank Purchases 15,312 Shares of Envista Holdings Corporation $NVST

Key Points

• First Hawaiian Bank increased its stake in Envista Holdings Corporation by 47.4%, acquiring an additional 15,312 shares, bringing its total holdings to 47,597 shares valued at $822,000.
• Numerous institutional investors have also increased their holdings in Envista, with UBS AM reporting a significant boost of 15.8%, now owning 492,736 shares worth $9,505,000.
• Analysts have varied ratings and price targets on Envista, with the company currently holding a consensus rating of "Hold" and an average target price of $20.92.

First Hawaiian Bank raised its position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 47.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,597 shares of the company's stock after acquiring an additional 15,312 shares during the period. First Hawaiian Bank's holdings in Envista were worth $822,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NVST. Deutsche Bank AG boosted its holdings in shares of Envista by 3.5% during the fourth quarter. Deutsche Bank AG now owns 119,521 shares of the company's stock worth $2,306,000 after acquiring an additional 4,008 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Envista by 54.2% during the fourth quarter. Quantinno Capital Management LP now owns 86,056 shares of the company's stock worth $1,660,000 after acquiring an additional 30,264 shares during the period. Tidal Investments LLC boosted its holdings in shares of Envista by 53.9% during the fourth quarter. Tidal Investments LLC now owns 31,307 shares of the company's stock worth $604,000 after acquiring an additional 10,958 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Envista by 66.6% during the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company's stock worth $922,000 after acquiring an additional 19,100 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Envista by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 492,736 shares of the company's stock worth $9,505,000 after acquiring an additional 67,234 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NVST shares. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Mizuho boosted their price target on Envista from $15.00 to $18.00 and gave the company an "underperform" rating in a research note on Friday, August 1st. Piper Sandler boosted their price target on Envista from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their price target on Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Evercore ISI boosted their price target on Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $20.92.

Envista Stock Down 2.6%

Shares of NYSE:NVST opened at $21.05 on Monday. The company has a market capitalization of $3.50 billion, a PE ratio of 65.77, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99. Envista Holdings Corporation has a 52-week low of $14.22 and a 52-week high of $23.00. The company has a fifty day moving average of $20.54 and a 200-day moving average of $18.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.08 and a current ratio of 2.44.

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, beating 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 during the quarter, compared to the consensus estimate of $638.21 million. During the same period in the prior year, the business posted $0.11 earnings per share. Envista's quarterly revenue was up 7.7% on a year-over-year basis. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. On average, equities analysts predict 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.

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