Trexquant Investment LP Raises Stake in Envista Holdings Corporation $NVST

Key Points

• Trexquant Investment LP has significantly increased its holdings in Envista Holdings by 243.7%, owning about 1,065,849 shares valued at approximately $18.40 million.
• Various hedge funds have also increased their stakes in Envista, with GAMMA Investing LLC raising their holdings by a staggering 1,338.3% during the first quarter.
• Analysts have revised the price targets for Envista, with Baird R W upgrading it to a "strong-buy" rating and setting a target price of $23.00, while the consensus rating remains at "Hold" with a target price of $20.92.

Trexquant Investment LP grew its position in Envista Holdings Corporation (NYSE:NVST - Free Report) by 243.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,065,849 shares of the company's stock after buying an additional 755,725 shares during the quarter. Trexquant Investment LP owned 0.63% of Envista worth $18,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of Envista by 51.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock worth $213,000 after purchasing an additional 3,751 shares in the last quarter. Northern Trust Corp boosted its position in Envista by 21.2% in the 4th quarter. Northern Trust Corp now owns 1,751,643 shares of the company's stock valued at $33,789,000 after buying an additional 306,019 shares during the period. Comerica Bank grew its stake in shares of Envista by 8.2% in the fourth quarter. Comerica Bank now owns 121,851 shares of the company's stock worth $2,350,000 after acquiring an additional 9,248 shares in the last quarter. Ariel Investments LLC increased its position in shares of Envista by 6.2% during the fourth quarter. Ariel Investments LLC now owns 12,059,624 shares of the company's stock worth $232,630,000 after acquiring an additional 699,625 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its stake in shares of Envista by 125.8% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 521,643 shares of the company's stock valued at $10,062,000 after acquiring an additional 290,643 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group boosted their target price on Envista from $18.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Stifel Nicolaus boosted their price objective on Envista from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their price target on shares of Envista from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Mizuho boosted their price target on shares of Envista from $15.00 to $18.00 and gave the stock an "underperform" rating in a report on Friday, August 1st. Finally, Morgan Stanley raised their price objective on shares of Envista from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $20.92.

Envista Stock Performance

Shares of NYSE NVST traded down $0.40 during trading hours on Wednesday, reaching $20.32. The stock had a trading volume of 531,099 shares, compared to its average volume of 2,517,158. The firm has a 50-day moving average of $20.37 and a 200-day moving average of $18.59. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 63.55, a PEG ratio of 1.13 and a beta of 0.99. The company has a current ratio of 2.44, a quick ratio of 2.08 and a debt-to-equity ratio of 0.46. Envista Holdings Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $23.00.

Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings data 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. Envista had a return on equity of 4.84% and a net margin of 2.11%.The company had revenue of $682.10 million during the quarter, compared to analysts' expectations of $638.21 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. Equities research analysts predict that Envista Holdings Corporation will post 1 earnings per share 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.