Janus Henderson Group PLC Has $27.07 Million Position in Envista Holdings Co. (NYSE:NVST)

Janus Henderson Group PLC boosted its holdings in Envista Holdings Co. (NYSE:NVST - Free Report) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,369,810 shares of the company's stock after purchasing an additional 112,288 shares during the quarter. Janus Henderson Group PLC owned approximately 0.80% of Envista worth $27,067,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ariel Investments LLC raised its position in shares of Envista by 11.0% during the 2nd quarter. Ariel Investments LLC now owns 9,871,152 shares of the company's stock worth $164,157,000 after purchasing an additional 978,952 shares during the period. Nuance Investments LLC lifted its stake in Envista by 4.4% in the third quarter. Nuance Investments LLC now owns 7,346,534 shares of the company's stock valued at $145,168,000 after buying an additional 308,221 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 acquiring an additional 897,141 shares during the period. Clarkston Capital Partners LLC grew its position in shares of Envista by 0.4% during the third quarter. Clarkston Capital Partners LLC now owns 4,347,300 shares of the company's stock worth $85,903,000 after acquiring an additional 17,085 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Envista in the 2nd quarter worth about $69,534,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NVST shares. Leerink Partnrs raised shares of Envista from a "strong sell" rating to a "hold" rating in a research note on Thursday, October 31st. Robert W. Baird boosted their price objective on Envista from $17.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Leerink Partners upgraded Envista from an "underperform" rating to a "market perform" rating and raised their target price for the company from $16.00 to $23.00 in a research report on Thursday, October 31st. Stifel Nicolaus lifted their target price on Envista from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Envista in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Envista currently has an average rating of "Hold" and an average price target of $20.65.

Envista Price Performance

Shares of NVST traded down $0.19 during mid-day trading on Friday, hitting $19.89. The company's stock had a trading volume of 1,515,852 shares, compared to its average volume of 1,772,559. Envista Holdings Co. has a fifty-two week low of $15.15 and a fifty-two week high of $25.64. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -2.56, a PEG ratio of 2.86 and a beta of 1.31. The firm has a 50-day moving average price of $19.98 and a 200 day moving average price of $18.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.77.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $601.00 million for the quarter, compared to analysts' expectations of $590.34 million. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The firm's revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, research analysts predict that Envista Holdings Co. will post 0.72 EPS for the current fiscal year.

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.