GSA Capital Partners LLP Acquires New Holdings in Envista Holdings Corporation $NVST

GSA Capital Partners LLP bought a new position in shares of Envista Holdings Corporation (NYSE:NVST) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 77,392 shares of the company’s stock, valued at approximately $2,039,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of 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 during the period. Alliancebernstein L.P. boosted its stake in 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 period. Arrowstreet Capital Limited Partnership grew its position in Envista by 341.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company’s stock worth $72,515,000 after buying an additional 2,210,847 shares in the last quarter. Quantinno Capital Management LP grew its position in Envista by 38.8% during the first quarter. Quantinno Capital Management LP now owns 2,694,970 shares of the company’s stock worth $68,371,000 after buying an additional 753,474 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Envista by 1,442.7% in the 4th quarter. Millennium Management LLC now owns 2,420,615 shares of the company’s stock worth $52,552,000 after acquiring an additional 2,263,712 shares during the last quarter.

Envista Stock Performance

Shares of NYSE NVST opened at $28.05 on Friday. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 48.35, a P/E/G ratio of 1.34 and a beta of 0.86. The company has a current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 0.47. Envista Holdings Corporation has a 1-year low of $18.77 and a 1-year high of $30.42. The stock’s 50-day moving average is $26.57 and its 200 day moving average is $26.15.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NVST. BMO Capital Markets started coverage on Envista in a research report on Wednesday, July 8th. They set a “market perform” rating and a $27.00 price target for the company. Piper Sandler restated a “neutral” rating and issued a $28.00 price objective (up from $26.00) on shares of Envista in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Envista from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Envista from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $34.00 price target on shares of Envista in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.