5 Best Dental Stocks to Buy Now

4. DENTSPLY International, Inc. (NASDAQ:XRAY)

No of HFs: 25

Total Value of HF Holdings: $946 Million

The top hedge fund holder of this stock is David Blood And Al Gore’s Generation Investment Management which had $845 million invested in the stock at the end of September. An insider recently purchased 2,720 shares at around $55 in June 2019. The stock is down 3% since then. On January 4, 2021, the company announced they have acquired Byte, a rapidly growing clear aligner company in an all-cash deal for $1.04 billion. Don Casey, Chief Executive Officer of Dentsply Sirona mentioned that they will utilize their collective strengths to expand patient access to quality care

“Over the past two years, we have executed against our restructuring plan, strengthening the R&D, supply chain and commercial platforms, positioning Dentsply Sirona for long-term growth. We are excited to take the next step in our evolution by bringing Byte into our organization. We have been pleased with the growth of our SureSmile clear aligner business and we are confident that adding the innovative platform of Byte adds scale for us in the important clear aligner market. We look forward to working with the talented team at Byte as we utilize our collective strengths to expand patient access to quality care and support the success of our dental partners around the world.”