Hsbc Holdings PLC Buys 19,788 Shares of Envista Holdings Corporation $NVST

Hsbc Holdings PLC raised its stake in shares of Envista Holdings Corporation (NYSE:NVST) by 31.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 83,350 shares of the company’s stock after buying an additional 19,788 shares during the quarter. Hsbc Holdings PLC’s holdings in Envista were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Envista by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,628,460 shares of the company’s stock worth $209,036,000 after buying an additional 90,586 shares during the last quarter. Alliancebernstein L.P. increased its position 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 acquiring an additional 1,547,656 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Envista by 15.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,349,874 shares of the company’s stock valued at $72,726,000 after acquiring an additional 444,725 shares during the last quarter. Millennium Management LLC lifted its holdings in Envista by 1,442.7% in the fourth quarter. Millennium Management LLC now owns 2,420,615 shares of the company’s stock valued at $52,552,000 after acquiring an additional 2,263,712 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Envista by 72.3% in the fourth quarter. AQR Capital Management LLC now owns 2,356,968 shares of the company’s stock valued at $51,170,000 after acquiring an additional 988,714 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NVST shares. Barclays cut their price target on Envista from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. JPMorgan Chase & Co. increased their price objective on shares of Envista from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Citigroup assumed coverage on shares of Envista in a report on Wednesday, April 15th. They issued a “neutral” rating and a $29.00 price objective on the stock. Zacks Research lowered shares of Envista from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Evercore reaffirmed an “outperform” rating and set a $33.00 target price on shares of Envista in a report on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.67.

Envista Stock Up 0.0%

Shares of NVST stock opened at $26.97 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 2.06. Envista Holdings Corporation has a one year low of $18.77 and a one year high of $30.42. The company’s fifty day moving average price is $24.88 and its 200-day moving average price is $25.15. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 65.78, a PEG ratio of 1.53 and a beta of 0.88.

Envista (NYSE:NVST) last issued its earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. Envista had a net margin of 2.41% and a return on equity of 7.11%. The company had revenue of $705.50 million during the quarter, compared to the consensus estimate of $680.03 million. During the same quarter in the prior year, the firm posted $0.24 EPS. Envista’s quarterly revenue was up 14.4% compared to the same quarter last year. Envista has set its FY 2026 guidance at 1.350-1.450 EPS. Sell-side analysts expect that Envista Holdings Corporation will post 1.42 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.