Pzena Investment Management LLC Decreases Position in Envista Holdings Corporation $NVST

Pzena Investment Management LLC decreased its position in Envista Holdings Corporation (NYSE:NVST) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,414,866 shares of the company’s stock after selling 44,216 shares during the period. Pzena Investment Management LLC owned about 1.47% of Envista worth $49,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NVST. Syon Capital LLC bought a new stake in shares of Envista in the third quarter valued at $241,000. Heartland Advisors Inc. grew its stake in shares of Envista by 0.3% during the 3rd quarter. Heartland Advisors Inc. now owns 509,834 shares of the company’s stock worth $10,385,000 after acquiring an additional 1,446 shares during the period. Assetmark Inc. increased its holdings in Envista by 6.4% in the 3rd quarter. Assetmark Inc. now owns 45,614 shares of the company’s stock worth $929,000 after acquiring an additional 2,748 shares during the last quarter. Caprock Group LLC bought a new stake in Envista in the 3rd quarter valued at about $237,000. Finally, Versor Investments LP purchased a new stake in Envista during the third quarter valued at about $356,000.

Envista Stock Up 1.5%

NVST opened at $28.50 on Thursday. The firm has a market capitalization of $4.67 billion, a P/E ratio of 101.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. Envista Holdings Corporation has a one year low of $14.22 and a one year high of $30.42. The company has a fifty day moving average price of $24.17 and a 200-day moving average price of $21.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 2.04.

Envista (NYSE:NVST) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. Envista had a return on equity of 6.54% and a net margin of 1.73%.The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 earnings per share. Envista has set its FY 2026 guidance at 1.350-1.450 EPS. Equities research analysts expect that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NVST shares. William Blair upgraded shares of Envista from a “hold” rating to an “outperform” rating in a research note on Friday, February 6th. Barclays raised their price objective on shares of Envista from $24.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Zacks Research raised shares of Envista from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Wall Street Zen raised Envista from a “buy” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Evercore reiterated an “outperform” rating and issued a $32.00 price target on shares of Envista in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Envista has a consensus rating of “Moderate Buy” and a consensus target price of $27.08.

Insider Activity at Envista

In related news, SVP Mischa Reis sold 9,675 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $30.00, for a total value of $290,250.00. Following the transaction, the senior vice president directly owned 32,382 shares in the company, valued at approximately $971,460. This represents a 23.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

Envista Company 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.