Harbor Capital Advisors Inc. Buys 234,941 Shares of Envista Holdings Co. (NYSE:NVST)

Harbor Capital Advisors Inc. grew its stake in Envista Holdings Co. (NYSE:NVST - Free Report) by 138.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 404,589 shares of the company's stock after acquiring an additional 234,941 shares during the period. Harbor Capital Advisors Inc. owned 0.24% of Envista worth $7,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NVST. Mirae Asset Global Investments Co. Ltd. acquired a new position in Envista during the 3rd quarter worth $31,000. GAMMA Investing LLC boosted its holdings in Envista by 69.8% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock valued at $35,000 after acquiring an additional 726 shares during the last quarter. Blue Trust Inc. boosted its holdings in Envista by 69.7% in the third quarter. Blue Trust Inc. now owns 1,957 shares of the company's stock valued at $39,000 after acquiring an additional 804 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Envista by 50.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company's stock worth $43,000 after purchasing an additional 728 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Envista by 1,420.3% during the 2nd quarter. Versant Capital Management Inc now owns 3,147 shares of the company's stock worth $52,000 after purchasing an additional 2,940 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVST. JPMorgan Chase & Co. cut shares of Envista from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $16.00 in a research report on Thursday, August 8th. Robert W. Baird lifted their target price on shares of Envista from $17.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday. Stifel Nicolaus increased their price target on Envista from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Bank of America decreased their price objective on Envista from $22.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Needham & Company LLC restated a "hold" rating on shares of Envista in a report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $20.71.

Insider Buying and Selling at Envista

In other news, CFO Eric D. Hammes acquired 24,532 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $16.33 per share, for a total transaction of $400,607.56. Following the completion of the acquisition, the chief financial officer now owns 24,532 shares in the company, valued at $400,607.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company's stock.

Envista Stock Down 0.1 %

NYSE NVST traded down $0.03 during trading hours on Friday, reaching $20.94. 2,955,564 shares of the company's stock were exchanged, compared to its average volume of 2,190,055. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 2.08. Envista Holdings Co. has a one year low of $15.15 and a one year high of $25.64. The company's 50-day moving average is $18.64 and its two-hundred day moving average is $18.05. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of -2.69 and a beta of 1.30.

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 the consensus estimate of $0.09 by $0.03. The company had revenue of $601.00 million during 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 firm's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, analysts forecast that Envista Holdings Co. will post 0.7 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.