Holocene Advisors LP Trims Holdings in Envista Holdings Corporation $NVST

Holocene Advisors LP trimmed its holdings in shares of Envista Holdings Corporation (NYSE:NVST) by 30.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,572,229 shares of the company’s stock after selling 676,289 shares during the quarter. Holocene Advisors LP owned 0.96% of Envista worth $32,026,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NVST. Focus Partners Wealth purchased a new position in Envista in the 3rd quarter worth about $457,000. California Public Employees Retirement System boosted its position in Envista by 5.4% in the 3rd quarter. California Public Employees Retirement System now owns 317,611 shares of the company’s stock valued at $6,470,000 after buying an additional 16,158 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Envista during the third quarter worth approximately $1,859,000. Creative Planning increased its position in shares of Envista by 54.9% during the third quarter. Creative Planning now owns 32,081 shares of the company’s stock worth $653,000 after acquiring an additional 11,376 shares during the period. Finally, Deerfield Management Company L.P. raised its stake in shares of Envista by 3.5% during the third quarter. Deerfield Management Company L.P. now owns 2,294,036 shares of the company’s stock valued at $46,730,000 after acquiring an additional 78,191 shares in the last quarter.

Wall Street Analysts Forecast Growth

NVST has been the topic of several research analyst reports. Mizuho increased their price objective on Envista from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Weiss Ratings raised Envista from a “sell (d)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $30.00 price target on Envista in a research report on Friday, February 6th. Morgan Stanley set a $19.00 price target on Envista in a research note on Friday, February 6th. Finally, Stifel Nicolaus set a $31.00 price objective on Envista in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.75.

Insider Buying and Selling at Envista

In related news, SVP Mischa Reis sold 9,675 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $30.00, for a total transaction of $290,250.00. Following the sale, the senior vice president owned 32,382 shares of the company’s stock, valued at $971,460. This trade represents a 23.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is owned by company insiders.

Envista Stock Performance

Shares of NVST stock opened at $25.04 on Tuesday. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 89.43, a PEG ratio of 1.68 and a beta of 0.95. Envista Holdings Corporation has a 52-week low of $14.22 and a 52-week high of $30.42. The company has a quick ratio of 2.04, a current ratio of 2.38 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $26.25 and its 200 day moving average is $22.63.

Envista (NYSE:NVST) last posted its earnings results on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. Envista had a return on equity of 6.54% and a net margin of 1.73%.During the same quarter last year, the company earned $0.24 earnings per share. The business’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. On average, sell-side analysts anticipate that Envista Holdings Corporation 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.