Jump Financial LLC Takes Position in Envista Holdings Corporation $NVST

Key Points

• Jump Financial LLC recently acquired a $1.11 million stake in Envista Holdings Corporation, purchasing 64,117 shares during the first quarter.
• Envista reported a quarterly revenue of $682.10 million, exceeding analyst estimates, and posted earnings of $0.26 per share, which is above the expected $0.24.
• Various institutional investors, such as Dimensional Fund Advisors LP and Pzena Investment Management LLC, significantly increased their holdings in Envista, indicating strong institutional interest.

Jump Financial LLC purchased a new stake in Envista Holdings Corporation (NYSE:NVST - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 64,117 shares of the company's stock, valued at approximately $1,107,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. raised its stake in shares of Envista by 214.4% in the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock valued at $36,000 after purchasing an additional 1,428 shares during the period. Palouse Capital Management Inc. increased its stake in shares of Envista by 14.4% during the 1st quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock worth $163,000 after purchasing an additional 1,186 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Envista during the 1st quarter worth about $180,000. Vestcor Inc acquired a new position in shares of Envista during the 1st quarter worth about $211,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Envista by 51.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock worth $213,000 after buying an additional 3,751 shares during the period.

Envista Stock Up 2.3%

Shares of Envista stock traded up $0.47 during trading hours on Thursday, reaching $20.77. The company's stock had a trading volume of 2,587,665 shares, compared to its average volume of 1,580,674. Envista Holdings Corporation has a one year low of $14.22 and a one year high of $23.00. The company has a market capitalization of $3.45 billion, a P/E ratio of 64.89, a P/E/G ratio of 1.09 and a beta of 0.99. The stock's fifty day simple moving average is $20.41 and its two-hundred day simple moving average is $18.59. 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 released 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 net margin of 2.11% and a return on equity of 4.84%. The firm had revenue of $682.10 million for the quarter, compared to analyst estimates of $638.21 million. During the same period last year, the firm earned $0.11 earnings per share. The business'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, research analysts forecast that Envista Holdings Corporation will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

NVST has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on shares of Envista from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Mizuho upped their price target on shares of Envista from $15.00 to $18.00 and gave the stock an "underperform" rating in a report on Friday, August 1st. Robert W. Baird upgraded shares of Envista from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $21.00 to $23.00 in a research report on Tuesday, May 27th. Evercore ISI upped their price objective on shares of Envista from $19.00 to $23.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Finally, Baird R W upgraded shares of Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Envista presently has a consensus rating of "Hold" and a consensus price target of $20.92.

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.