Public Employees Retirement System of Ohio Takes $1.32 Million Position in Envista Holdings Corporation $NVST

Public Employees Retirement System of Ohio acquired a new position in shares of Envista Holdings Corporation (NYSE:NVST) during the second quarter, Holdings Channel reports. The fund acquired 50,107 shares of the company’s stock, valued at approximately $1,320,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Envista during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Envista by 16,711.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,513 shares of the company’s stock worth $31,000 after purchasing an additional 1,504 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Envista by 75.4% in the 4th quarter. Allworth Financial LP now owns 1,805 shares of the company’s stock worth $39,000 after purchasing an additional 776 shares in the last quarter. UMB Bank n.a. grew its position in Envista by 46.1% in the 4th quarter. UMB Bank n.a. now owns 2,017 shares of the company’s stock valued at $44,000 after purchasing an additional 636 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Envista by 73.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248 shares of the company’s stock valued at $44,000 after purchasing an additional 949 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP Mischa Reis sold 8,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $27.50, for a total transaction of $220,000.00. Following the completion of the transaction, the senior vice president directly owned 27,321 shares of the company’s stock, valued at $751,327.50. This represents a 22.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NVST has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on Envista in a report on Wednesday, July 8th. They set a “market perform” rating and a $27.00 price objective for the company. Wall Street Zen lowered Envista from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of Envista from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Piper Sandler reiterated a “neutral” rating and issued a $28.00 target price (up from $26.00) on shares of Envista in a research note on Thursday, August 6th. Finally, Morgan Stanley set a $23.00 price target on shares of Envista in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Envista presently has an average rating of “Moderate Buy” and an average price target of $29.71.

Envista Trading Down 1.7%

Shares of Envista stock opened at $26.81 on Wednesday. The firm has a market cap of $4.31 billion, a PE ratio of 46.22, a P/E/G ratio of 1.30 and a beta of 0.86. Envista Holdings Corporation has a 1 year low of $18.77 and a 1 year high of $30.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.43 and a quick ratio of 2.07. The stock has a fifty day moving average price of $27.24 and a 200-day moving average price of $26.26.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Envista had a net margin of 3.33% and a return on equity of 7.88%. The company had revenue of $730.50 million during the quarter, compared to analyst estimates of $716.11 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Equities research analysts anticipate that Envista Holdings Corporation will post 1.53 EPS for the current year.

Envista 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.