The Vanguard Group, Inc. recently announced the acquisition of new stake in Envista Holdings Corporation (NYSE:NVST). The institutional investor has increased its shareholding in the Healthcare company by 1.84% to 15.78 million shares with purchase of 0.28 million shares. This fresh investment now brings its stake to 9.66% valued currently at $607.23 million. In addition, Lazard Asset Management LLC raised its holdings by 1.39 million to 12.03 million shares. And Atlanta Capital Management Co. LL has lifted its position by 0.54% or 56361.0 shares – to 10.53 million shares.
With over 1.67 million Envista Holdings Corporation (NVST) shares trading Monday and a closing price of $35.74 on the day, the dollar volume was approximately $59.84 million. The shares have shown a negative half year performance of -1.46% and its price on 05/22/23 gained nearly 0.96%. Currently, there are 163.60M common shares owned by the public and among those 161.64M shares have been available to trade.
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Insiders at the company have transacted a total of 31 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 113,510 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 107,976 shares.
The top 3 mutual fund holders in Envista Holdings Corporation are Eaton Vance Atlanta Capital SMID, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market ETF. Eaton Vance Atlanta Capital SMID owns 8.1 million shares of the company’s stock, all valued at over $311.81 million. iShares Core S&P Mid Cap ETF bought 18191.0 shares to see its total holdings expand to 5.09 million shares valued at over $196.02 million and representing 3.12% of the shares outstanding. Vanguard Total Stock Market ETF bought 21324.0 shares to bring its total holdings to over 5.05 million shares at a value of $194.2 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.09% of the shares outstanding.
Shares of Envista Holdings Corporation (NYSE: NVST) opened at $35.36, down -$0.04 from a prior closing price of $35.40. However, the script later moved the day high at 35.88, up 0.96%. The company’s stock has a 5-day price change of 4.38% and -5.90% over the past three months. NVST shares are trading 6.15% year to date (YTD), with the 12-month market performance down to -15.09% lower. It has a 12-month low price of $31.67 and touched a high of $43.94 over the same period. NVST has an average intraday trading volume of 1.83 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.64%, -4.64%, and -1.96% respectively.
Institutional ownership of Envista Holdings Corporation (NYSE: NVST) shares accounts for 115.62% of the company’s 163.60M shares outstanding. Mutual fund holders own 39.43%, while other institutional holders and individual stakeholders account for 73.57% and 0.56% respectively.
It has a market capitalization of $5.89B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 29.88, while the earnings-per-share (ttm) stands at $1.20. The company has a PEG of 2.85 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.68% over the week and 3.07% over the month.
Analysts forecast that Envista Holdings Corporation (NVST) will achieve an EPS of $0.44 for the current quarter, $0.48 for the next quarter and $2.13 for 2024. The lowest estimate earnings-per-share for the quarter is $0.42 while analysts give the company a high EPS estimate of $0.47. Comparatively, EPS for the current quarter was $0.48 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.70%, and 14.29% over the next financial year. EPS should grow at an annualized rate of 10.50% over the next five years, compared to -4.90% over the past 5-year period.
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