Globeflex Capital L P Invests $792,000 in Envista Holdings Corporation $NVST

Globeflex Capital L P acquired a new position in shares of Envista Holdings Corporation (NYSE:NVST) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 31,232 shares of the company’s stock, valued at approximately $792,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Envista by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company’s stock worth $248,130,000 after purchasing an additional 152,488 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Envista by 34.0% during the second quarter. Alliancebernstein L.P. now owns 6,098,445 shares of the company’s stock valued at $119,164,000 after buying an additional 1,547,656 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Envista by 15.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,349,874 shares of the company’s stock valued at $72,726,000 after buying an additional 444,725 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Envista by 1,442.7% in the 4th quarter. Millennium Management LLC now owns 2,420,615 shares of the company’s stock valued at $52,552,000 after buying an additional 2,263,712 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Envista by 72.3% in the 4th quarter. AQR Capital Management LLC now owns 2,356,968 shares of the company’s stock worth $51,170,000 after buying an additional 988,714 shares during the last quarter.

Envista Trading Down 1.9%

NYSE NVST opened at $26.43 on Thursday. The company has a fifty day simple moving average of $25.08 and a two-hundred day simple moving average of $25.71. The stock has a market cap of $4.30 billion, a P/E ratio of 64.46, a P/E/G ratio of 1.53 and a beta of 0.86. Envista Holdings Corporation has a 12-month low of $18.77 and a 12-month high of $30.42. The company has a current ratio of 2.44, a quick ratio of 2.06 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Envista had a net margin of 2.41% and a return on equity of 7.11%. The firm had revenue of $705.50 million for the quarter, compared to analyst estimates of $680.03 million. During the same period in the previous year, the company earned $0.24 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Envista has set its FY 2026 guidance at 1.350-1.450 EPS. On average, analysts forecast that Envista Holdings Corporation will post 1.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVST. Zacks Research lowered shares of Envista from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. raised their target price on shares of Envista from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. BMO Capital Markets assumed coverage on shares of Envista in a report on Wednesday, July 8th. They issued a “market perform” rating and a $27.00 price target on the stock. Morgan Stanley upped their price target on Envista from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Finally, Citigroup assumed coverage on Envista in a report on Wednesday, April 15th. They set a “neutral” rating and a $29.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Envista has an average rating of “Hold” and an average price target of $28.54.

About Envista

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.