Gotham Asset Management LLC Acquires 105,046 Shares of Envista Holdings Corporation $NVST

Key Points

• Gotham Asset Management LLC increased its holdings in Envista Holdings Corporation by 12.7%, now owning 930,065 shares worth approximately $16 million.
• Envista's stock opened at $21.29, with a market capitalization of $3.54 billion and a reported 7.7% increase in revenue compared to the same quarter last year.
• Analysts have a consensus rating of "Hold" on Envista's stock, with target prices ranging from $19.00 to $25.00 reflecting varying outlooks on the company's performance.

Gotham Asset Management LLC lifted its stake in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 12.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 930,065 shares of the company's stock after acquiring an additional 105,046 shares during the period. Gotham Asset Management LLC owned 0.55% of Envista worth $16,053,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Envista by 214.4% during the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock valued at $36,000 after acquiring an additional 1,428 shares during the period. Palouse Capital Management Inc. lifted 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 valued at $163,000 after buying an additional 1,186 shares in the last quarter. FourThought Financial Partners LLC bought a new position in shares of Envista in the first quarter valued at $180,000. Vestcor Inc bought a new position in shares of Envista in the first quarter valued at $211,000. Finally, Aigen Investment Management LP bought a new position in shares of Envista in the first quarter valued at $274,000.

Envista Stock Performance

NYSE NVST traded up $0.69 during trading hours on Thursday, reaching $21.46. 492,442 shares of the company were exchanged, compared to its average volume of 2,491,963. Envista Holdings Corporation has a 1 year low of $14.22 and a 1 year high of $23.00. The business's 50 day simple moving average is $20.50 and its 200-day simple moving average is $18.58. The company has a quick ratio of 2.08, a current ratio of 2.44 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.57 billion, a P/E ratio of 67.04, a P/E/G ratio of 1.11 and a beta of 0.99.

Envista (NYSE:NVST - Get Free Report) last posted 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. Envista had a net margin of 2.11% and a return on equity of 4.84%. The business 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 company posted $0.11 earnings per share. The firm's quarterly 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. On average, equities research analysts expect that Envista Holdings Corporation will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVST. Morgan Stanley raised their price objective on shares of Envista from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Wells Fargo & Company raised their price objective on shares of Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Wall Street Zen lowered shares of Envista from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Mizuho increased their target price 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, Evercore ISI increased their target price on shares of Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a report 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Envista presently has an average rating of "Hold" and an average target price of $20.92.

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.