Fuller & Thaler Asset Management Inc. Cuts Stock Holdings in Envista Holdings Corporation $NVST

Key Points

• Fuller & Thaler Asset Management Inc. has sold 39,750 shares of Envista Holdings, reducing its stake to 4,260,120 shares, which represents 2.51% of the company valued at $73.53 million.
• Envista's stock price increased by 0.5% to $20.75, and it has a market capitalization of $3.45 billion, with a price-to-earnings ratio of 64.83.
• Recent analyst ratings for Envista include upgrades to "strong-buy" by Wall Street Zen and Evercore ISI, with a consensus price target of $20.92.

Fuller & Thaler Asset Management Inc. trimmed its holdings in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,260,120 shares of the company's stock after selling 39,750 shares during the period. Fuller & Thaler Asset Management Inc. owned about 2.51% of Envista worth $73,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ariel Investments LLC grew its holdings in Envista by 6.2% during the 4th quarter. Ariel Investments LLC now owns 12,059,624 shares of the company's stock worth $232,630,000 after acquiring an additional 699,625 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Envista by 24.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,387,297 shares of the company's stock worth $144,760,000 after acquiring an additional 1,625,206 shares in the last quarter. Gates Capital Management Inc. grew its holdings in Envista by 15.1% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Envista by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,375,109 shares of the company's stock worth $40,994,000 after acquiring an additional 57,478 shares in the last quarter. Finally, Pzena Investment Management LLC grew its holdings in Envista by 160.7% during the 1st 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 in the last quarter.

Envista Stock Performance

NYSE:NVST traded up $1.2090 during trading hours on Friday, hitting $21.6690. 1,558,799 shares of the company were exchanged, compared to its average volume of 2,617,570. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.44 and a quick ratio of 2.08. Envista Holdings Corporation has a 52-week low of $14.22 and a 52-week high of $23.00. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 67.72, a PEG ratio of 1.16 and a beta of 1.00. The company's 50 day moving average price is $20.04 and its 200-day moving average price is $18.57.

Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.26 EPS for the quarter, topping 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 company had revenue of $682.10 million during the quarter, compared to analysts' expectations of $638.21 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm's revenue 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, research analysts forecast that Envista Holdings Corporation will post 1 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on NVST. Robert W. Baird raised shares of Envista from a "neutral" rating to an "outperform" rating and increased their price target for the company from $21.00 to $23.00 in a research report on Tuesday, May 27th. Wells Fargo & Company increased their price target 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. Bank of America decreased their price target on shares of Envista from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Baird R W raised shares of Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley increased their price target on shares of Envista from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.