Nuance Investments LLC Acquires 308,221 Shares of Envista Holdings Co. (NYSE:NVST)

Nuance Investments LLC grew its position in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,346,534 shares of the company's stock after acquiring an additional 308,221 shares during the quarter. Envista comprises 4.9% of Nuance Investments LLC's portfolio, making the stock its 6th biggest position. Nuance Investments LLC owned about 4.27% of Envista worth $145,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Envista during the 3rd quarter worth $31,000. GAMMA Investing LLC grew its holdings in shares of Envista by 69.8% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock valued at $35,000 after buying an additional 726 shares in the last quarter. Huntington National Bank grew its position in Envista by 97.8% during the third quarter. Huntington National Bank now owns 1,919 shares of the company's stock valued at $38,000 after purchasing an additional 949 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Envista by 69.7% during the third quarter. Blue Trust Inc. now owns 1,957 shares of the company's stock worth $39,000 after acquiring an additional 804 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Envista by 50.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company's stock valued at $43,000 after buying an additional 728 shares in the last quarter.

Envista Price Performance

NVST traded up $0.11 during trading hours on Wednesday, hitting $20.37. The company's stock had a trading volume of 878,429 shares, compared to its average volume of 2,402,689. 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 business's 50-day moving average price is $19.33 and its 200-day moving average price is $18.12. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of -2.61, a P/E/G ratio of 2.86 and a beta of 1.30. Envista Holdings Co. has a 12 month low of $15.15 and a 12 month high of $25.64.

Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $601.00 million for the quarter, compared to the consensus estimate 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 firm earned $0.43 EPS. Sell-side analysts expect that Envista Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler lifted their price target on Envista from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Leerink Partnrs upgraded Envista from a "strong sell" rating to a "hold" rating in a report on Thursday, October 31st. Robert W. Baird boosted their price target on Envista from $17.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Wells Fargo & Company assumed coverage on shares of Envista in a research note on Tuesday, October 8th. They issued an "equal weight" rating and a $20.00 price target on the stock. Finally, Needham & Company LLC reissued 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 issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Envista currently has an average rating of "Hold" and an average target price of $20.71.

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.