Hantz Financial Services Inc. lessened its holdings in Envista Holdings Co. (NYSE:NVST - Free Report) by 34.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,810 shares of the company's stock after selling 24,011 shares during the period. Hantz Financial Services Inc.'s holdings in Envista were worth $885,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Envista during the third quarter valued at about $31,000. GAMMA Investing LLC raised its holdings in Envista by 69.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $35,000 after acquiring an additional 726 shares during the last quarter. Huntington National Bank raised its holdings in Envista by 97.8% in the 3rd quarter. Huntington National Bank now owns 1,919 shares of the company's stock worth $38,000 after acquiring an additional 949 shares during the last quarter. Blue Trust Inc. grew its position in Envista by 69.7% in the 3rd quarter. Blue Trust Inc. now owns 1,957 shares of the company's stock worth $39,000 after purchasing an additional 804 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Envista by 50.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company's stock worth $43,000 after purchasing an additional 728 shares during the period.
Wall Street Analyst Weigh In
NVST has been the topic of a number of analyst reports. Leerink Partners upgraded shares of Envista from an "underperform" rating to a "market perform" rating and lifted their target price for the company from $16.00 to $23.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Envista from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $23.00 to $16.00 in a report on Thursday, August 8th. Piper Sandler increased their price target on shares of Envista from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Envista in a report on Thursday, October 31st. Finally, Wells Fargo & Company started coverage on shares of Envista in a research report on Tuesday, October 8th. They issued an "equal weight" rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.71.
Get Our Latest Stock Analysis on NVST
Envista Stock Up 0.1 %
Shares of NYSE NVST traded up $0.02 during mid-day trading on Monday, reaching $22.31. The company had a trading volume of 1,605,268 shares, compared to its average volume of 2,382,641. The company has a current ratio of 2.08, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $19.79 and a two-hundred day simple moving average of $18.28. The stock has a market cap of $3.84 billion, a P/E ratio of -2.88, a PEG ratio of 3.10 and a beta of 1.30. Envista Holdings Co. has a 52-week low of $15.15 and a 52-week high of $25.64.
Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $601.00 million during the quarter, compared to analysts' expectations of $590.34 million. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. Envista's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. Sell-side analysts predict that Envista Holdings Co. will post 0.72 earnings per share for the current year.
About Envista
(
Free Report)
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.
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