Van Lanschot Kempen Investment Management N.V. Sells 1,031,725 Shares of Envista Holdings Corporation $NVST

Van Lanschot Kempen Investment Management N.V. cut its stake in Envista Holdings Corporation (NYSE:NVST) by 50.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,011,327 shares of the company’s stock after selling 1,031,725 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Envista were worth $21,956,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings 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 acquiring an additional 4,885 shares in the last quarter. Millennium Management LLC grew its holdings in Envista by 218.6% during the 1st quarter. Millennium Management LLC now owns 383,966 shares of the company’s stock worth $6,627,000 after acquiring an additional 263,442 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Envista by 39.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,140 shares of the company’s stock worth $10,859,000 after acquiring an additional 177,630 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Envista by 15.5% during 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 worth $9,821,000 after acquiring an additional 76,246 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in Envista by 22.1% during the 2nd quarter. Prudential Financial Inc. now owns 18,785 shares of the company’s stock worth $367,000 after acquiring an additional 3,395 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NVST shares. Zacks Research cut shares of Envista from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Citigroup started coverage on shares of Envista in a report on Wednesday, April 15th. They set a “neutral” rating and a $29.00 target price on the stock. Morgan Stanley increased their target price on shares of Envista from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Evercore reiterated an “outperform” rating and set a $33.00 target price on shares of Envista in a report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Envista from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.67.

Envista Stock Up 0.2%

NYSE:NVST opened at $24.54 on Friday. Envista Holdings Corporation has a fifty-two week low of $18.25 and a fifty-two week high of $30.42. The stock has a market capitalization of $3.99 billion, a P/E ratio of 59.86, a P/E/G ratio of 1.39 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.06 and a current ratio of 2.44. The company’s 50-day simple moving average is $25.02 and its 200-day simple moving average is $24.71.

Envista (NYSE:NVST) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Envista had a net margin of 2.41% and a return on equity of 7.11%. The business had revenue of $705.50 million for the quarter, compared to analysts’ expectations of $680.04 million. During the same period last year, the business earned $0.24 EPS. The company’s 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. On average, equities analysts anticipate that Envista Holdings Corporation will post 1.42 earnings per share for the current fiscal year.

Envista Company 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.