OneDigital Investment Advisors LLC Purchases New Holdings in Envista Holdings Corporation $NVST

OneDigital Investment Advisors LLC acquired a new stake in shares of Envista Holdings Corporation (NYSE:NVST) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,863 shares of the company’s stock, valued at approximately $655,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NVST. Global Retirement Partners LLC acquired a new stake in shares of Envista during the second quarter worth $117,000. Bank of New York Mellon Corp purchased a new position in Envista during the 2nd quarter worth $37,316,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Envista in the 2nd quarter worth $327,000. State of Wyoming purchased a new stake in shares of Envista in the second quarter valued at about $697,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Envista in the second quarter valued at about $2,039,000.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Envista from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Envista from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Evercore reissued an “outperform” rating and set a $33.00 target price on shares of Envista in a research note on Thursday, May 7th. Morgan Stanley set a $23.00 price target on Envista in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded Envista from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.31.

Envista Price Performance

NVST stock opened at $27.78 on Wednesday. The firm has a 50 day moving average of $26.72 and a 200-day moving average of $26.22. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 1.34 and a beta of 0.86. The company has a current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 0.47. Envista Holdings Corporation has a 12-month low of $18.77 and a 12-month high of $30.42.

Envista (NYSE:NVST) last released its quarterly earnings data 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. The firm had revenue of $730.50 million during the quarter, compared to the consensus estimate of $716.11 million. Envista had a return on equity of 7.88% and a net margin of 3.33%.Envista’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities analysts expect that Envista Holdings Corporation will post 1.53 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.