Fox Run Management L.L.C. Acquires New Position in Envista Holdings Corporation $NVST

Key Points

• Fox Run Management L.L.C. acquired 24,186 shares of Envista Holdings Corporation for approximately $417,000 in the 1st quarter, joining several other large investors who also increased their stakes in the company.
• Envista reported a quarterly EPS of $0.26, surpassing analysts' expectations and achieving a revenue of $682.10 million, reflecting a 7.7% year-over-year increase.
• Analysts have mixed ratings on Envista, with a consensus rating of "Hold" and an average target price of $20.92, while some have upgraded their ratings following recent performance reports.

Fox Run Management L.L.C. bought a new position in Envista Holdings Corporation (NYSE:NVST - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,186 shares of the company's stock, valued at approximately $417,000.

A number of other institutional investors have also recently modified their holdings of NVST. UMB Bank n.a. grew its stake 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 worth $36,000 after acquiring an additional 1,428 shares during the last quarter. Palouse Capital Management Inc. grew its stake 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 worth $163,000 after acquiring an additional 1,186 shares during the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of Envista in the first quarter worth $180,000. Vestcor Inc purchased a new stake in shares of Envista in the first quarter worth $211,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Envista by 51.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock worth $213,000 after acquiring an additional 3,751 shares during the last quarter.

Envista Price Performance

Shares of NYSE NVST traded up $1.2090 during midday trading on Friday, reaching $21.6690. The stock had a trading volume of 1,558,799 shares, compared to its average volume of 2,617,570. The stock has a 50-day moving average of $20.04 and a 200-day moving average of $18.57. 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 capitalization of $3.60 billion, a price-to-earnings ratio of 67.72, a price-to-earnings-growth ratio of 1.16 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 announced 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 analysts' expectations of $638.21 million. Envista had a net margin of 2.11% and a return on equity of 4.84%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 earnings per share. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. As a group, research analysts anticipate that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NVST shares. Piper Sandler boosted their target price on Envista from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Stifel Nicolaus boosted their price objective on shares of Envista from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 1st. UBS Group increased their price objective on shares of Envista from $18.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Wells Fargo & Company increased their price objective on shares of Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, Mizuho increased their price objective on shares of Envista from $15.00 to $18.00 and gave the company an "underperform" rating in a research report on Friday, August 1st. One equities research 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.