Top 5 Stocks to Buy According to Ariel Investments

In this article, we will list the Top 5 Stocks to Buy According to Ariel Investments. Please visit Top 10 Stocks to Buy According to Ariel Investments if you would like to see the extended list and the methodology behind it.

5. Envista Holdings Corporation (NYSE:NVST)

Number of Hedge Fund Holders: 41

Ariel Investments Equity Stake: $275.61 Million

Envista Holdings Corporation (NYSE:NVST) is one of the top stocks to buy according to Ariel Investments. On June 11, Barclays reiterated an Overweight rating on Envista Holdings Corporation (NYSE:NVST) but lowered the price target to $32 from $34.

According to the research firm, Envista Holdings’ end markets continue to stabilize. Consequently, it tweaked its estimates to reflect the first quarter report. During the quarter, the company delivered growth across all major businesses, driven by customer engagement and new product commercialization. The company’s 9.5% core revenue growth translated into 25% adjusted EBITDA growth and 50% earnings-per-share growth.

Buoyed by impressive first-quarter momentum, Envista Holdings reiterated its full-year guidance, with sales expected to grow between 2% and 4% and adjusted EBITDA between 7% and 13%. Envista Holdings Corp expects full-year adjusted diluted earnings per share to come in between $1.35 and $1.45 a share.

Envista Holdings Corporation (NYSE:NVST) is a global medical technology company that develops, manufactures, and markets dental products and equipment. Spun off from Danaher Corporation, they manage a portfolio of over 30 trusted brands, including Nobel Biocare, Ormco, DEXIS, and Kerr.