Teacher Retirement System of Texas increased its stake in Envista Holdings Corporation (NYSE:NVST - Free Report) by 50.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,438 shares of the company's stock after purchasing an additional 29,469 shares during the quarter. Teacher Retirement System of Texas owned 0.05% of Envista worth $1,526,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ariel Investments LLC raised its position in shares of Envista by 6.2% during the 4th quarter. Ariel Investments LLC now owns 12,059,624 shares of the company's stock valued at $232,630,000 after purchasing an additional 699,625 shares during the period. Franklin Resources Inc. boosted its stake in shares of Envista by 72.6% during the 4th quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company's stock worth $132,223,000 after purchasing an additional 2,882,844 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Envista by 19.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,762,091 shares of the company's stock worth $130,440,000 after purchasing an additional 1,089,923 shares during the period. Gates Capital Management Inc. boosted its stake in shares of Envista by 15.1% during the 4th quarter. Gates Capital Management Inc. now owns 4,694,148 shares of the company's stock worth $90,550,000 after purchasing an additional 615,577 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Envista by 9.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,271,175 shares of the company's stock worth $63,101,000 after purchasing an additional 283,415 shares during the period.
Envista Stock Down 2.6%
Shares of NYSE:NVST traded down $0.53 during trading hours on Friday, reaching $20.19. The stock had a trading volume of 1,852,889 shares, compared to its average volume of 2,474,117. Envista Holdings Corporation has a 1 year low of $14.22 and a 1 year high of $23.00. The firm's 50 day moving average is $18.65 and its 200-day moving average is $18.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 2.12. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -3.09, a P/E/G ratio of 1.28 and a beta of 1.00.
Envista (NYSE:NVST - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Envista had a negative net margin of 44.90% and a positive return on equity of 4.07%. The company had revenue of $616.90 million during the quarter, compared to analysts' expectations of $608.17 million. During the same quarter last year, the business earned $0.26 EPS. The business's revenue was down 1.1% on a year-over-year basis. Research analysts predict that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently commented on NVST. Piper Sandler dropped their price target on shares of Envista from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Evercore ISI boosted their price objective on shares of Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a research report on Wednesday. UBS Group lowered their price objective on shares of Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Robert W. Baird raised shares of Envista from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $21.00 to $23.00 in a research report on Tuesday, May 27th. Finally, Morgan Stanley set a $16.00 price objective on shares of Envista in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.23.
View Our Latest Analysis on NVST
Envista Profile
(
Free Report)
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.
Read More

Before you consider Envista, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Envista wasn't on the list.
While Envista currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.