1,900,749 Shares in Envista Holdings Co. (NYSE:NVST) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in Envista Holdings Co. (NYSE:NVST - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,900,749 shares of the company's stock, valued at approximately $37,559,000. Point72 Asset Management L.P. owned 1.10% of Envista as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Envista by 69.8% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $35,000 after acquiring an additional 726 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 acquiring an additional 728 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Envista by 2.3% in the second quarter. Victory Capital Management Inc. now owns 36,021 shares of the company's stock worth $599,000 after acquiring an additional 800 shares during the period. Blue Trust Inc. boosted its stake 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 period. Finally, Huntington National Bank boosted its stake in shares of Envista by 97.8% in the third quarter. Huntington National Bank now owns 1,919 shares of the company's stock worth $38,000 after acquiring an additional 949 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Piper Sandler boosted their target price on Envista from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Leerink Partners upgraded Envista from an "underperform" rating to a "market perform" rating and boosted their target price for the stock from $16.00 to $23.00 in a research report on Thursday, October 31st. Stifel Nicolaus boosted their target price on Envista from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Bank of America decreased their target price on Envista from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, Leerink Partnrs upgraded Envista from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.65.

Envista Trading Down 2.4 %

Shares of NYSE NVST traded down $0.49 during midday trading on Thursday, hitting $20.08. The company's stock had a trading volume of 2,587,086 shares, compared to its average volume of 2,383,254. 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 is $19.98 and its two-hundred day moving average is $18.36. Envista Holdings Co. has a 12-month low of $15.15 and a 12-month high of $25.64. The firm has a market cap of $3.46 billion, a P/E ratio of -2.58, a price-to-earnings-growth ratio of 3.06 and a beta of 1.31.

Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The firm had revenue of $601.00 million for the quarter, compared to the consensus estimate of $590.34 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities research analysts expect that Envista Holdings Co. will post 0.72 EPS for the current 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.