XTX Topco Ltd Takes $779,000 Position in Envista Holdings Corporation (NYSE:NVST)

Key Points

• XTX Topco Ltd has acquired a new stake in Envista Holdings Corporation, purchasing 45,134 shares valued at approximately $779,000.
• Envista recently reported a quarterly earnings per share (EPS) of $0.26, surpassing analysts' expectations, and its revenue increased by 7.7% year-over-year.
• Equities analysts have raised their price targets for Envista, with UBS Group increasing their target from $18.00 to $22.00, reflecting growing confidence in the company's performance.

XTX Topco Ltd purchased a new stake in Envista Holdings Corporation (NYSE:NVST - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 45,134 shares of the company's stock, valued at approximately $779,000.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Envista by 214.4% in the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock valued at $36,000 after buying an additional 1,428 shares during the last quarter. Palouse Capital Management Inc. grew its stake in shares of Envista by 14.4% in the first quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock worth $163,000 after purchasing an additional 1,186 shares during the last quarter. FourThought Financial Partners LLC acquired a new stake in Envista in the first quarter valued at $180,000. Tower Research Capital LLC TRC raised its position in Envista by 51.3% during the 4th 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 during the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Envista by 53.9% in the 4th quarter. Sterling Capital Management LLC now owns 11,105 shares of the company's stock valued at $214,000 after buying an additional 3,888 shares during the last quarter.

Analyst Upgrades and Downgrades

NVST has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on Envista from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Mizuho lifted their price objective on shares of Envista from $15.00 to $18.00 and gave the stock an "underperform" rating in a report on Friday, August 1st. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Wall Street Zen upgraded shares of Envista from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Envista from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $20.92.

Envista Stock Performance

NVST traded up $0.29 during trading hours on Thursday, hitting $20.00. The company's stock had a trading volume of 954,215 shares, compared to its average volume of 2,623,925. Envista Holdings Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $23.00. The firm has a market capitalization of $3.32 billion, a PE ratio of 62.42, a PEG ratio of 1.07 and a beta of 1.00. The company has a 50-day simple moving average of $19.55 and a 200 day simple moving average of $18.63. 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 (NYSE:NVST - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $682.10 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. As a group, sell-side analysts expect that Envista Holdings Corporation will post 1 EPS for the current year.

Envista Company 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.