Swedbank AB Has $1.98 Million Stock Holdings in Envista Holdings Co. (NYSE:NVST)

Swedbank AB lowered its holdings in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 93.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 100,000 shares of the company's stock after selling 1,502,200 shares during the period. Swedbank AB owned 0.06% of Envista worth $1,976,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. American International Group Inc. raised its position in shares of Envista by 0.3% in the fourth quarter. American International Group Inc. now owns 231,461 shares of the company's stock valued at $5,569,000 after purchasing an additional 650 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Envista by 5.8% during the fourth quarter. Vanguard Group Inc. now owns 17,167,767 shares of the company's stock worth $413,056,000 after acquiring an additional 944,596 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Envista by 271.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,123 shares of the company's stock valued at $580,000 after purchasing an additional 17,624 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Envista during the fourth quarter worth approximately $787,000. Finally, NBC Securities Inc. lifted its holdings in Envista by 60.6% during the 1st quarter. NBC Securities Inc. now owns 8,879 shares of the company's stock worth $189,000 after purchasing an additional 3,351 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on NVST. Robert W. Baird lowered their price objective on Envista from $19.00 to $17.00 and set a "neutral" rating on the stock in a research report on Monday, July 22nd. Bank of America dropped their price objective on shares of Envista from $22.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Piper Sandler decreased their target price on shares of Envista from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 30th. Stifel Nicolaus dropped their price target on shares of Envista from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Tuesday, July 30th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Envista in a research report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $19.63.

Insider Buying and Selling

In other news, CFO Eric D. Hammes bought 24,532 shares of the company's stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $16.33 per share, for a total transaction of $400,607.56. Following the completion of the transaction, the chief financial officer now owns 24,532 shares of the company's stock, valued at $400,607.56. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

Envista Price Performance

Shares of NVST stock traded up $0.61 on Friday, reaching $18.88. The company had a trading volume of 1,465,230 shares, compared to its average volume of 1,869,080. The stock has a market capitalization of $3.25 billion, a PE ratio of -2.45 and a beta of 1.32. The company has a quick ratio of 1.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.47. The business's 50-day moving average is $18.32 and its 200 day moving average is $18.12. Envista Holdings Co. has a one year low of $15.15 and a one year high of $25.64.

Envista (NYSE:NVST - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.16). The company had revenue of $633.10 million during the quarter, compared to analyst estimates of $646.88 million. Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. The business's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. Equities research analysts forecast that Envista Holdings Co. will post 0.69 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.