Envista Holdings Corporation (NYSE:NVST) Short Interest Update

Envista Holdings Corporation (NYSE:NVST) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 8,087,163 shares, a decrease of 23.3% from the January 15th total of 10,544,812 shares. Approximately 5.0% of the shares of the company are sold short. Based on an average trading volume of 2,580,648 shares, the days-to-cover ratio is currently 3.1 days. Based on an average trading volume of 2,580,648 shares, the days-to-cover ratio is currently 3.1 days. Approximately 5.0% of the shares of the company are sold short.

Insider Transactions at Envista

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

Institutional Investors Weigh In On Envista

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Envista by 26.6% during the 1st quarter. Royal Bank of Canada now owns 23,240 shares of the company’s stock worth $401,000 after purchasing an additional 4,885 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Envista by 218.6% during the first quarter. Millennium Management LLC now owns 383,966 shares of the company’s stock worth $6,627,000 after buying an additional 263,442 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Envista by 39.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 629,140 shares of the company’s stock valued at $10,859,000 after acquiring an additional 177,630 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Envista by 15.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 568,982 shares of the company’s stock valued at $9,821,000 after acquiring an additional 76,246 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Envista by 5.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,100 shares of the company’s stock valued at $393,000 after acquiring an additional 1,067 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NVST shares. Stifel Nicolaus set a $31.00 target price on Envista in a report on Friday, February 6th. William Blair upgraded shares of Envista from a “hold” rating to an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d)” rating on shares of Envista in a research report on Monday, December 29th. Wall Street Zen upgraded Envista from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Evercore restated an “outperform” rating and set a $32.00 price objective on shares of Envista in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.08.

Envista Price Performance

Shares of Envista stock traded down $0.91 on Tuesday, reaching $28.06. 2,943,606 shares of the stock were exchanged, compared to its average volume of 3,315,994. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.38. The firm has a market cap of $4.60 billion, a PE ratio of 100.20, a P/E/G ratio of 1.98 and a beta of 1.01. The firm’s 50 day moving average is $23.89 and its 200-day moving average is $21.63. Envista has a one year low of $14.22 and a one year high of $30.42.

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

About Envista

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.