Brickwood Asset Management LLP Has $39.96 Million Position in Envista Holdings Corporation $NVST

Brickwood Asset Management LLP trimmed its holdings in shares of Envista Holdings Corporation (NYSE:NVST) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,051,469 shares of the company’s stock after selling 29,502 shares during the quarter. Envista accounts for approximately 28.5% of Brickwood Asset Management LLP’s portfolio, making the stock its 2nd biggest holding. Brickwood Asset Management LLP’s holdings in Envista were worth $39,961,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NVST. Alliancebernstein L.P. grew its position in Envista by 1,985.1% during the first quarter. Alliancebernstein L.P. now owns 4,550,789 shares of the company’s stock valued at $78,547,000 after buying an additional 4,332,541 shares during the period. Dimensional Fund Advisors LP grew its position in Envista by 24.0% during the first quarter. Dimensional Fund Advisors LP now owns 8,387,297 shares of the company’s stock valued at $144,760,000 after buying an additional 1,625,206 shares during the period. Pzena Investment Management LLC grew its position in Envista by 160.7% during the first quarter. Pzena Investment Management LLC now owns 2,294,257 shares of the company’s stock valued at $39,599,000 after buying an additional 1,414,080 shares during the period. Trexquant Investment LP grew its position in Envista by 243.7% during the first quarter. Trexquant Investment LP now owns 1,065,849 shares of the company’s stock valued at $18,397,000 after buying an additional 755,725 shares during the period. Finally, Gates Capital Management Inc. grew its position in Envista by 10.0% during the first quarter. Gates Capital Management Inc. now owns 5,163,745 shares of the company’s stock valued at $89,126,000 after buying an additional 469,597 shares during the period.

Envista Price Performance

NVST stock opened at $20.40 on Monday. Envista Holdings Corporation has a one year low of $14.22 and a one year high of $23.00. The company’s fifty day moving average price is $20.59 and its 200-day moving average price is $19.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.08 and a current ratio of 2.44. The company has a market capitalization of $3.39 billion, a PE ratio of 63.75, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01.

Envista (NYSE:NVST) last released its earnings results on Thursday, July 31st. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Envista had a net margin of 2.11% and a return on equity of 4.84%. The firm had revenue of $682.10 million for the quarter, compared to the consensus estimate of $638.21 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. On average, equities analysts anticipate that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NVST has been the subject of several recent research reports. UBS Group boosted their target price on shares of Envista from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Envista in a research report on Wednesday, October 8th. Stifel Nicolaus upped their price target on shares of Envista from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Wall Street Zen lowered shares of Envista from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, Zacks Research lowered shares of Envista from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.08.

Envista Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.