AlphaQuest LLC Purchases 16,162 Shares of Envista Holdings Corporation $NVST

AlphaQuest LLC grew its position in shares of Envista Holdings Corporation (NYSE:NVST) by 60.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,717 shares of the company’s stock after buying an additional 16,162 shares during the quarter. AlphaQuest LLC’s holdings in Envista were worth $835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Envista by 5.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,100 shares of the company’s stock valued at $393,000 after buying an additional 1,067 shares during the period. Parallel Advisors LLC raised its holdings in Envista by 100.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,792 shares of the company’s stock worth $55,000 after purchasing an additional 1,397 shares during the period. New Age Alpha Advisors LLC raised its holdings in Envista by 7.1% in the 1st quarter. New Age Alpha Advisors LLC now owns 24,842 shares of the company’s stock worth $429,000 after purchasing an additional 1,655 shares during the period. Principal Financial Group Inc. raised its holdings in Envista by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 396,548 shares of the company’s stock worth $6,844,000 after purchasing an additional 2,008 shares during the period. Finally, Sepio Capital LP raised its holdings in Envista by 5.8% in the 1st quarter. Sepio Capital LP now owns 41,040 shares of the company’s stock worth $708,000 after purchasing an additional 2,240 shares during the period.

Analyst Ratings Changes

NVST has been the topic of a number of recent research reports. Mizuho raised their target price on Envista from $15.00 to $18.00 and gave the stock an “underperform” rating in a report on Friday, August 1st. Stifel Nicolaus raised their target price on Envista from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Piper Sandler raised their price target on Envista from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Morgan Stanley raised their price target on Envista from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Finally, UBS Group raised their price target on Envista from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Envista presently has an average rating of “Hold” and a consensus price target of $21.08.

Envista Trading Up 0.9%

Shares of Envista stock opened at $20.40 on Monday. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 63.75, a PEG ratio of 1.09 and a beta of 1.01. The business has a 50-day moving average price of $20.59 and a 200-day moving average price of $19.23. The company has a quick ratio of 2.08, a current ratio of 2.44 and a debt-to-equity ratio of 0.46. Envista Holdings Corporation has a twelve month low of $14.22 and a twelve month high of $23.00.

Envista (NYSE:NVST) 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. The firm had revenue of $682.10 million during 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. Equities research analysts anticipate that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

About Envista

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.