Assetmark Inc. Boosts Stock Holdings in Envista Holdings Co. (NYSE:NVST)

Posted by on Aug 11th, 2023

Assetmark Inc. grew its position in shares of Envista Holdings Co. (NYSE:NVST – Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,714 shares of the company’s stock after purchasing an additional 755 shares during the quarter. Assetmark Inc.’s holdings in Envista were worth $1,133,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NVST. State of Michigan Retirement System increased its holdings in Envista by 0.7% in the 4th quarter. State of Michigan Retirement System now owns 41,463 shares of the company’s stock worth $1,396,000 after acquiring an additional 300 shares in the last quarter. Toroso Investments LLC increased its holdings in Envista by 5.2% in the 3rd quarter. Toroso Investments LLC now owns 6,107 shares of the company’s stock worth $200,000 after acquiring an additional 303 shares in the last quarter. Covestor Ltd increased its holdings in Envista by 35.0% in the 1st quarter. Covestor Ltd now owns 1,273 shares of the company’s stock worth $62,000 after acquiring an additional 330 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Envista by 0.9% in the 1st quarter. Ameritas Investment Partners Inc. now owns 43,106 shares of the company’s stock worth $2,100,000 after acquiring an additional 390 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Envista by 5.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,674 shares of the company’s stock worth $258,000 after acquiring an additional 422 shares in the last quarter.

Envista Trading Down 2.0 %

Shares of NVST opened at $32.67 on Friday. Envista Holdings Co. has a 52-week low of $31.20 and a 52-week high of $43.29. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $33.88 and its two-hundred day moving average is $36.36. The stock has a market cap of $5.35 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41.

Envista (NYSE:NVST – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $662.40 million for the quarter, compared to analysts’ expectations of $655.81 million. Envista had a net margin of 8.40% and a return on equity of 7.60%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. Research analysts forecast that Envista Holdings Co. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on NVST shares. TheStreet lowered shares of Envista from a “b” rating to a “c+” rating in a report on Friday, June 9th. Bank of America lowered their target price on shares of Envista from $47.00 to $45.00 in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

View Our Latest Report on Envista

About Envista

(Free Report)

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 brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.

Further Reading

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Institutional Ownership by Quarter for Envista (NYSE:NVST)

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