Lightrock Netherlands B.V. Purchases 134,875 Shares of Envista Holdings Corporation $NVST

Lightrock Netherlands B.V. increased its position in Envista Holdings Corporation (NYSE:NVST) by 29.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 599,307 shares of the company’s stock after acquiring an additional 134,875 shares during the quarter. Envista comprises about 2.7% of Lightrock Netherlands B.V.’s holdings, making the stock its 11th biggest holding. Lightrock Netherlands B.V. owned 0.35% of Envista worth $11,710,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in Envista by 15.0% in the second quarter. Envestnet Asset Management Inc. now owns 230,759 shares of the company’s stock valued at $4,509,000 after purchasing an additional 30,051 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Envista by 23.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 111,644 shares of the company’s stock valued at $2,182,000 after purchasing an additional 21,204 shares in the last quarter. AlphaQuest LLC raised its stake in Envista by 60.9% in the second quarter. AlphaQuest LLC now owns 42,717 shares of the company’s stock valued at $835,000 after purchasing an additional 16,162 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Envista by 10.2% in the second quarter. Allianz Asset Management GmbH now owns 469,085 shares of the company’s stock valued at $9,166,000 after purchasing an additional 43,600 shares in the last quarter. Finally, Pzena Investment Management LLC raised its stake in Envista by 7.2% in the second quarter. Pzena Investment Management LLC now owns 2,459,082 shares of the company’s stock valued at $48,050,000 after purchasing an additional 164,825 shares in the last quarter.

Envista Trading Down 1.4%

NVST stock opened at $20.06 on Wednesday. The company has a market capitalization of $3.33 billion, a PE ratio of 62.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. Envista Holdings Corporation has a one year low of $14.22 and a one year high of $23.00. The company’s 50 day moving average price is $20.57 and its two-hundred day moving average price is $19.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.08 and a current ratio of 2.44.

Envista (NYSE:NVST) last issued its earnings results on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Envista had a net margin of 2.11% and a return on equity of 4.84%. The firm had revenue of $682.10 million for the quarter, compared to analysts’ expectations of $638.21 million. During the same quarter last year, the business earned $0.11 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. As a group, analysts predict that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus raised 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. Evercore ISI set a $25.00 target price on shares of Envista in a research note on Wednesday, October 8th. UBS Group raised their target price on shares of Envista from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Zacks Research downgraded shares of Envista from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Mizuho lifted their price target on shares of Envista from $15.00 to $18.00 and gave the stock an “underperform” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.08.

Envista 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.