Squarepoint Ops LLC Makes New $1.46 Million Investment in Envista Holdings Corporation $NVST

Key Points

• Squarepoint Ops LLC acquired 55,563 Envista shares worth approximately $1.46 million during the second quarter, while several other institutional investors also increased or initiated positions.
• Analyst sentiment is moderately bullish: JPMorgan upgraded Envista to “overweight,” while the stock carries a consensus “Moderate Buy” rating and an average price target of $29.71.
• Envista beat quarterly expectations with $0.41 in EPS versus $0.34 forecast and revenue of $730.5 million, up 7.1% year over year; shares opened at $24.75, below the consensus target.

Squarepoint Ops LLC acquired a new position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 55,563 shares of the company's stock, valued at approximately $1,464,000.

Other large investors have also modified their holdings of the company. Allworth Financial LP raised its stake in Envista by 56.1% during the 2nd quarter. Allworth Financial LP now owns 3,441 shares of the company's stock worth $91,000 after acquiring an additional 1,237 shares in the last quarter. Nykredit A S purchased a new position in shares of Envista during the second quarter worth about $52,000. Parkside Financial Bank & Trust increased its position in shares of Envista by 246.2% during the second quarter. Parkside Financial Bank & Trust now owns 3,071 shares of the company's stock worth $81,000 after purchasing an additional 2,184 shares in the last quarter. Corient Private Wealth LP lifted its holdings in shares of Envista by 35.8% in the 2nd quarter. Corient Private Wealth LP now owns 703,864 shares of the company's stock valued at $18,547,000 after purchasing an additional 185,687 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Envista in the 2nd quarter valued at about $992,000.

Insider Buying and Selling at Envista

In other news, SVP Mischa Reis sold 8,000 shares of Envista stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $27.50, for a total value of $220,000.00. Following the sale, the senior vice president owned 27,321 shares of the company's stock, valued at $751,327.50. The trade was a 22.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NVST has been the topic of several research analyst reports. Piper Sandler reaffirmed a "neutral" rating and set a $28.00 price target (up from $26.00) on shares of Envista in a research report on Thursday, August 6th. Weiss Ratings raised shares of Envista from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $32.00 price target on shares of Envista in a research note on Thursday, September 3rd. BMO Capital Markets restated a "market perform" rating on shares of Envista in a research note on Thursday, September 10th. Finally, JPMorgan Chase & Co. upgraded shares of Envista from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $29.00 to $32.00 in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.71.

Envista Price Performance

Shares of NYSE NVST opened at $24.75 on Wednesday. The stock has a fifty day moving average price of $27.06 and a 200 day moving average price of $26.13. Envista Holdings Corporation has a 1-year low of $18.77 and a 1-year high of $30.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.43 and a quick ratio of 2.07. The company has a market cap of $3.98 billion, a PE ratio of 42.68, a P/E/G ratio of 1.23 and a beta of 0.86.

Envista (NYSE:NVST - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $730.50 million for the quarter, compared to analysts' expectations of $716.11 million. Envista had a net margin of 3.33% and a return on equity of 7.88%. Envista's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Sell-side analysts forecast that Envista Holdings Corporation will post 1.53 EPS for the current year.

Envista Profile

Envista Holdings Corporation is a global dental products and technologies company headquartered in Brea, California. The company develops, manufactures and markets products used by dentists, dental specialists, dental laboratories and other oral-care professionals.

Envista's portfolio includes dental imaging and diagnostic systems, digital dentistry and CAD/CAM solutions, dental implants, orthodontic brackets and wires, clear aligner products, endodontic instruments, restorative materials, infection-prevention products and other dental consumables.

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