Envista Holdings Co. (NYSE:NVST) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in Envista Holdings Co. (NYSE:NVST - Free Report) by 22.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,529,827 shares of the company's stock after purchasing an additional 642,401 shares during the period. Pacer Advisors Inc. owned approximately 2.05% of Envista worth $69,749,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Envista during the 3rd quarter valued at about $31,000. GAMMA Investing LLC grew its holdings in Envista by 69.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock valued at $35,000 after buying an additional 726 shares during the last quarter. Huntington National Bank increased its position in Envista by 97.8% during the third quarter. Huntington National Bank now owns 1,919 shares of the company's stock worth $38,000 after buying an additional 949 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Envista by 69.7% in 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Envista by 50.8% during the 3rd 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 in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NVST shares. Evercore ISI raised their price target on shares of Envista from $18.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. Robert W. Baird boosted their price target on Envista from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Needham & Company LLC restated a "hold" rating on shares of Envista in a report on Thursday, October 31st. Leerink Partnrs upgraded Envista from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut Envista from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $23.00 to $16.00 in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $20.71.

Envista Stock Up 0.4 %

NVST stock traded up $0.09 during trading on Friday, reaching $21.48. The stock had a trading volume of 1,721,164 shares, compared to its average volume of 2,397,715. The firm has a fifty day moving average price of $19.48 and a 200 day moving average price of $18.18. 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 company has a market capitalization of $3.70 billion, a P/E ratio of -2.76, a PEG ratio of 2.82 and a beta of 1.30. Envista Holdings Co. has a 1-year low of $15.15 and a 1-year 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 for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $601.00 million during the quarter, compared to analyst estimates of $590.34 million. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. Envista's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. On average, equities analysts anticipate that Envista Holdings Co. will post 0.72 earnings per share for the current year.

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.