The Vanguard Group, Inc. has recently announced that it has increased stake in Envista Holdings Corp (NYSE:NVST) by 0.38%. After grabbing 15.99 million shares, the institutional investor is now in possession of 60675.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 9.33% having worth around $362.83 million. Moreover, BlackRock Fund Advisors increased its share by 0.39 million to have a control over 14.12 million shares. And Atlanta Capital Management Co. LL raised its holdings to 33426.0 shares by acquiring 10.28 million shares or 6.00% of the stake.
Envista Holdings Corp (NVST) concluded trading on 01/10/24 at a closing price of $25.45, with 3.09 million shares of worth about $78.7 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.69% during that period and on Wednesday the price saw a gain of about 1.03%. Currently the company’s common shares owned by public are about 171.40M shares, out of which, 170.63M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 40 times over the past 12 months. They bought 138,145 shares in 21 of the transactions. In 19 selling transactions, insiders dumped 129,634 shares.
Eaton Vance Atlanta Capital SMID, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Envista Holdings Corp Eaton Vance Atlanta Capital SMID is currently holding 9.68 million shares of worth totaling $219.61 million. The company recently came buying 1.58 million shares which brought its stake up to 5.65% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 6797.0 shares, after which its hold over company’s outstanding shares expand to 2.99%, leaving 5.13 million shares with the mutual fund that have a worth of about $116.41 million. iShares Core S&P Mid Cap ETF, after buying 5.05 million shares, have now control over 2.95% of the stake in the company. It holds 896.0 shares of worth $114.66 million.
Envista Holdings Corp (NYSE: NVST) started trading at $25.05, below -$0.14 from concluding price of the previous day. However, the stock later moved at a day high price of 25.64, or with a gain of 1.03%. Stock saw a price change of 8.48% in past 5 days and over the past one month there was a price change of 8.53%. Year-to-date (YTD), NVST shares are showing a performance of 5.78% which decreased to -22.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.00 but also hit the highest price of $43.29 during that period. The average intraday trading volume for Envista Holdings Corp shares is 2.65 million. The stock is currently trading 6.45% above its 20-day simple moving average (SMA20), while that difference is up 9.08% for SMA50 and it goes to -16.71% lower than SMA200.
The Vanguard Group, Inc. acquired 15.99 million shares of Envista Holdings Corp having value of about $362.83 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 60675.0 shares in the company valued at close to $1544178.75, or have control over 0.38% stake in the company. Envista Holdings Corp (NYSE: NVST) currently have 171.40M outstanding shares and institutions hold larger chunk of about 101.98% of that. Holding of mutual funds in the company is about 33.19% while other institutional holders and individual stake holders have control over 70.77% and 0.56% of the stake respectively.
The stock has a current market capitalization of $4.36B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 23.49, while it has posted earnings per share of $1.08 in the same period. Its PEG reads 5.46 and has Quick Ratio of 1.82 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVST, volatility over the week remained 4.38% while standing at 3.54% over the month.
Analysts are in expectations that Envista Holdings Corp (NVST) stock would likely to be making an EPS of $0.36 in the current quarter, while forecast for next quarter EPS is $0.37 and it is $1.68 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.3 which is $0.42 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -17.34% while it is estimated to increase by 4.45% in next year. EPS is likely to grow at an annualized rate of 4.30% for next 5-years, compared to annual growth of -6.72% made by the stock over the past 5-years.
Analysts at 12 brokerage firms have issued recommendations for the Envista Holdings Corp (NVST)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 12 Wall Street analysts, 7 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on January 05, 2024 offering a Neutral rating for the stock and assigned a target price of $26 to it.
