Nuveen LLC Takes $5.35 Million Position in Envista Holdings Corporation $NVST

Key Points

• Nuveen LLC has invested approximately $5.35 million in Envista Holdings Corporation by acquiring 309,788 shares during the first quarter, representing about 0.18% ownership of the company.
• Analysts have mixed ratings on Envista, with a consensus of "Hold" and a target price of $20.92, while firms like Mizuho and Wall Street Zen have raised and lowered their target prices recently.
• Envista reported better-than-expected earnings with $0.26 EPS for the last quarter, surpassing analyst estimates, and had a year-over-year revenue increase of 7.7%.

Nuveen LLC purchased a new stake in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 309,788 shares of the company's stock, valued at approximately $5,347,000. Nuveen LLC owned about 0.18% of Envista at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP acquired a new position in Envista in the first quarter valued at about $274,000. Invesco Ltd. lifted its position in Envista by 2.9% in the first quarter. Invesco Ltd. now owns 353,089 shares of the company's stock valued at $6,094,000 after buying an additional 9,950 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Envista by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,375,109 shares of the company's stock valued at $40,994,000 after buying an additional 57,478 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in Envista by 7.1% in the first quarter. New Age Alpha Advisors LLC now owns 24,842 shares of the company's stock valued at $429,000 after buying an additional 1,655 shares during the last quarter. Finally, US Bancorp DE lifted its position in Envista by 22.7% in the first quarter. US Bancorp DE now owns 26,898 shares of the company's stock valued at $464,000 after buying an additional 4,979 shares during the last quarter.

Analyst Ratings Changes

NVST has been the topic of several research reports. UBS Group increased their price target on shares of Envista from $18.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Robert W. Baird raised shares of Envista from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $21.00 to $23.00 in a research report on Tuesday, May 27th. Wall Street Zen cut shares of Envista from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Evercore ISI increased their price target 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, Morgan Stanley increased their price target on shares of Envista from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.92.

Envista Stock Down 0.5%

Envista stock traded down $0.11 during mid-day trading on Friday, hitting $21.15. The company had a trading volume of 1,038,714 shares, compared to its average volume of 2,144,046. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 66.08, a PEG ratio of 1.13 and a beta of 1.00. Envista Holdings Corporation has a 1 year low of $14.22 and a 1 year high of $23.00. 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 business has a fifty day moving average of $20.29 and a 200 day moving average of $18.60.

Envista (NYSE:NVST - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $682.10 million for the quarter, compared to analyst estimates of $638.21 million. Envista had a net margin of 2.11% and a return on equity of 4.84%. The firm's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. On average, sell-side analysts expect that Envista Holdings Corporation will post 1 earnings per share 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.