Pallas Capital Advisors LLC Buys Shares of 15,350 Envista Holdings Corporation $NVST

Key Points

• Pallas Capital Advisors LLC has acquired a new stake in Envista Holdings Corporation, purchasing 15,350 shares valued at approximately $300,000.
• Envista Holdings reported a quarterly earnings per share of $0.26, exceeding analysts' expectations and reflecting a revenue increase of 7.7% year-over-year.
• Various institutional investors have markedly increased their stakes in Envista, with Alliancebernstein L.P. boosting its ownership by an impressive 1,985.1% during the first quarter.

Pallas Capital Advisors LLC bought a new stake in Envista Holdings Corporation (NYSE:NVST - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,350 shares of the company's stock, valued at approximately $300,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in shares of Envista by 1,985.1% during the 1st quarter. Alliancebernstein L.P. now owns 4,550,789 shares of the company's stock worth $78,547,000 after acquiring an additional 4,332,541 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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. Pzena Investment Management LLC boosted its stake in shares of 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. Trexquant Investment LP boosted its stake in shares of Envista by 243.7% during the 1st quarter. Trexquant Investment LP now owns 1,065,849 shares of the company's stock worth $18,397,000 after acquiring an additional 755,725 shares in the last quarter. Finally, Gates Capital Management Inc. boosted its stake in shares of Envista by 10.0% during the 1st quarter. Gates Capital Management Inc. now owns 5,163,745 shares of the company's stock worth $89,126,000 after acquiring an additional 469,597 shares in the last quarter.

Envista Trading Down 0.6%

NVST stock opened at $20.91 on Monday. The business has a fifty day moving average price of $20.62 and a 200 day moving average price of $18.64. Envista Holdings Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $23.00. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 65.35, a P/E/G ratio of 1.12 and a beta of 0.99. 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 (NYSE:NVST - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $682.10 million during the quarter, compared to analysts' expectations of $638.21 million. Envista had a return on equity of 4.84% and a net margin of 2.11%.The business's revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. Analysts expect that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

NVST has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Envista from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Wall Street Zen cut Envista from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Mizuho boosted their price objective on Envista from $15.00 to $18.00 and gave the stock an "underperform" rating in a research report on Friday, August 1st. Finally, Piper Sandler boosted their price objective on Envista from $17.00 to $19.00 and gave the stock a "neutral" 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, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.

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