Envista Holdings Co. (NYSE:NVST) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its stake in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 15.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 342,351 shares of the company's stock after selling 62,238 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.20% of Envista worth $6,604,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Envista by 2.3% in the second quarter. Victory Capital Management Inc. now owns 36,021 shares of the company's stock valued at $599,000 after acquiring an additional 800 shares during the period. Arizona State Retirement System lifted its stake in shares of Envista by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 48,111 shares of the company's stock worth $800,000 after purchasing an additional 1,006 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Envista by 16.0% in the second quarter. Daiwa Securities Group Inc. now owns 42,732 shares of the company's stock worth $711,000 after buying an additional 5,900 shares during the last quarter. American Century Companies Inc. grew its position in Envista by 15.4% during the second quarter. American Century Companies Inc. now owns 6,726,651 shares of the company's stock valued at $111,864,000 after buying an additional 897,141 shares during the period. Finally, Nuance Investments LLC increased its holdings in Envista by 47.2% during the second quarter. Nuance Investments LLC now owns 7,038,313 shares of the company's stock valued at $117,048,000 after buying an additional 2,256,993 shares during the last quarter.

Envista Trading Down 3.0 %

NYSE:NVST traded down $0.57 during midday trading on Friday, hitting $18.60. The stock had a trading volume of 2,716,415 shares, compared to its average volume of 1,995,801. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $20.19 and a 200 day moving average of $18.59. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of -2.39, a PEG ratio of 2.71 and a beta of 1.33. Envista Holdings Co. has a one year low of $15.15 and a one year high of $25.45.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $601.00 million during the quarter, compared to analyst estimates of $590.34 million. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The company's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. As a group, sell-side analysts forecast that Envista Holdings Co. will post 0.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wells Fargo & Company initiated coverage on shares of Envista in a report on Tuesday, October 8th. They set an "equal weight" rating and a $20.00 price target on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Envista in a report on Thursday, October 31st. Leerink Partners raised Envista from an "underperform" rating to a "market perform" rating and raised their price target for the company from $16.00 to $23.00 in a report on Thursday, October 31st. Mizuho started coverage on Envista in a research note on Wednesday, December 4th. They issued an "underperform" rating and a $20.00 price objective for the company. Finally, Robert W. Baird lifted their target price on Envista from $17.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.21.

Envista Profile

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.