Leeward Investments LLC MA Cuts Position in Envista Holdings Co. (NYSE:NVST)

Leeward Investments LLC MA cut its stake in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 583,075 shares of the company's stock after selling 57,514 shares during the period. Leeward Investments LLC MA owned 0.34% of Envista worth $11,522,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Ariel Investments LLC increased its holdings in shares of Envista by 11.0% during the second 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 boosted its position in shares of 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 purchasing an additional 2,256,993 shares in the last quarter. American Century Companies Inc. raised its stake 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 last quarter. Jupiter Asset Management Ltd. purchased a new position in Envista during the second quarter valued at $69,534,000. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in Envista by 32.9% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,936,916 shares of the company's stock valued at $48,841,000 after buying an additional 727,406 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVST. Wells Fargo & Company began coverage on Envista in a research note on Tuesday, October 8th. They issued an "equal weight" rating and a $20.00 price target for the company. Stifel Nicolaus boosted their price target on Envista from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Evercore ISI boosted their price target on Envista from $18.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. Piper Sandler boosted their price target on Envista from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of Envista in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $20.71.

Envista Price Performance

NVST stock traded down $0.49 during trading on Thursday, hitting $21.40. The stock had a trading volume of 4,099,777 shares, compared to its average volume of 2,435,613. 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 Holdings Co. has a twelve month low of $15.15 and a twelve month high of $25.64. The stock has a market capitalization of $3.68 billion, a P/E ratio of -2.77, a PEG ratio of 3.03 and a beta of 1.30. The company's 50-day moving average price is $18.82 and its two-hundred day moving average price is $18.10.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The company had revenue of $601.00 million for the quarter, compared to analysts' expectations of $590.34 million. During the same period in the previous year, the firm posted $0.43 EPS. Envista's revenue was down 4.8% compared to the same quarter last year. As a group, research analysts predict that Envista Holdings Co. will post 0.7 EPS for the current fiscal year.

Insider Transactions at Envista

In other news, CFO Eric D. Hammes purchased 24,532 shares of Envista stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $16.33 per share, with a total value of $400,607.56. Following the transaction, the chief financial officer now owns 24,532 shares in the company, valued at $400,607.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company's stock.

Envista Company 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.