Heartland Advisors Inc. Invests $9.29 Million in Envista Holdings Corporation $NVST

Heartland Advisors Inc. purchased a new stake in Envista Holdings Corporation (NYSE:NVST) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 352,353 shares of the company’s stock, valued at approximately $9,285,000. Heartland Advisors Inc. owned about 0.22% of Envista at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NVST. Dimensional Fund Advisors LP boosted its stake in Envista by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company’s stock worth $248,130,000 after acquiring an additional 152,488 shares during the last quarter. Alliancebernstein L.P. increased its stake in Envista by 34.0% in the second quarter. Alliancebernstein L.P. now owns 6,098,445 shares of the company’s stock valued at $119,164,000 after purchasing an additional 1,547,656 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Envista by 341.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company’s stock worth $72,515,000 after purchasing an additional 2,210,847 shares during the period. Quantinno Capital Management LP raised its holdings in Envista by 38.8% in the first quarter. Quantinno Capital Management LP now owns 2,694,970 shares of the company’s stock worth $68,371,000 after purchasing an additional 753,474 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Envista by 1,442.7% during the fourth quarter. Millennium Management LLC now owns 2,420,615 shares of the company’s stock worth $52,552,000 after purchasing an additional 2,263,712 shares in the last quarter.

Envista Stock Performance

Shares of Envista stock opened at $27.21 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.43 and a quick ratio of 2.07. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 1.28 and a beta of 0.86. The stock’s 50-day moving average is $26.90 and its 200-day moving average is $26.28. Envista Holdings Corporation has a one year low of $18.77 and a one year high of $30.42.

Envista (NYSE:NVST) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $730.50 million during the quarter, compared to the consensus estimate of $716.11 million. Envista had a return on equity of 7.88% and a net margin of 3.33%.Envista’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Equities analysts predict that Envista Holdings Corporation will post 1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NVST shares. Robert W. Baird set a $34.00 price objective on shares of Envista in a research report on Thursday, August 6th. BMO Capital Markets started coverage on Envista in a report on Wednesday, July 8th. They set a “market perform” rating and a $27.00 target price on the stock. Mizuho set a $29.00 target price on Envista in a research note on Thursday, August 6th. Morgan Stanley set a $23.00 price target on Envista in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Envista from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.31.

Envista Profile

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.