Pacer Advisors Inc. Has $62.35 Million Stock Position in Envista Holdings Co. (NYSE:NVST)

Pacer Advisors Inc. lessened its position in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,232,093 shares of the company's stock after selling 297,734 shares during the period. Pacer Advisors Inc. owned approximately 1.88% of Envista worth $62,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Envista by 30.5% during the fourth quarter. GAMMA Investing LLC now owns 2,304 shares of the company's stock valued at $44,000 after purchasing an additional 538 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 buying an additional 728 shares during the period. Blue Trust Inc. lifted its stake 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 buying an additional 804 shares during the last quarter. Huntington National Bank boosted its holdings in shares of 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 acquiring an additional 949 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of Envista by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 19,887 shares of the company's stock worth $392,000 after acquiring an additional 1,355 shares during the last quarter.

Envista Trading Down 4.2 %

Shares of Envista stock traded down $0.90 on Friday, reaching $20.51. 1,699,634 shares of the company were exchanged, compared to its average volume of 1,808,484. The company has a current ratio of 2.08, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42. Envista Holdings Co. has a fifty-two week low of $15.15 and a fifty-two week high of $24.79. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -2.64, a price-to-earnings-growth ratio of 1.89 and a beta of 1.33. The stock has a fifty day moving average price of $20.10 and a 200-day moving average price of $18.98.

Envista (NYSE:NVST - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company 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%. The company's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, analysts expect that Envista Holdings Co. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NVST. Needham & Company LLC reiterated a "hold" rating on shares of Envista in a research report on Thursday, October 31st. Wells Fargo & Company initiated coverage on Envista in a research report on Tuesday, October 8th. They set an "equal weight" rating and a $20.00 price objective for the company. Piper Sandler raised their target price on Envista from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Stifel Nicolaus increased 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. Finally, Robert W. Baird lifted their price objective on shares of Envista from $17.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.13.

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.