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 acquired a new stake in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,350 shares of the company's stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC boosted its stake in Envista by 53.9% in the fourth quarter. Tidal Investments LLC now owns 31,307 shares of the company's stock valued at $604,000 after acquiring an additional 10,958 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Envista by 66.6% during the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company's stock worth $922,000 after purchasing an additional 19,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Envista by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 492,736 shares of the company's stock worth $9,505,000 after purchasing an additional 67,234 shares during the last quarter. Vise Technologies Inc. raised its holdings in shares of Envista by 14.7% during the fourth quarter. Vise Technologies Inc. now owns 16,016 shares of the company's stock worth $309,000 after purchasing an additional 2,056 shares during the last quarter. Finally, Polar Asset Management Partners Inc. raised its holdings in shares of Envista by 27.9% during the fourth quarter. Polar Asset Management Partners Inc. now owns 1,914,799 shares of the company's stock worth $36,936,000 after purchasing an additional 417,549 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NVST shares. UBS Group raised their target price on shares of Envista from $18.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Piper Sandler raised their target price on shares of Envista from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Evercore ISI raised their target price on shares of Envista from $19.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Zacks Research cut shares of Envista from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.92.

Envista Price Performance

NVST traded down $0.03 on Monday, reaching $20.90. 1,571,358 shares of the company's stock were exchanged, compared to its average volume of 1,699,801. The stock has a market cap of $3.47 billion, a PE ratio of 24.34, a P/E/G ratio of 1.12 and a beta of 0.99. Envista Holdings Corporation has a twelve month low of $14.22 and a twelve month high of $23.00. The stock's fifty day moving average price is $20.62 and its 200-day moving average price is $18.64. 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 posted its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The firm 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%. Envista's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. Sell-side analysts expect that Envista Holdings Corporation will post 1 EPS for the current year.

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.