Quantbot Technologies LP Decreases Stake in Envista Holdings Co. (NYSE:NVST)

Quantbot Technologies LP lowered its stake in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 86.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,649 shares of the company's stock after selling 284,004 shares during the period. Quantbot Technologies LP's holdings in Envista were worth $843,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake 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 purchasing an additional 726 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position 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 valued at $43,000 after purchasing an additional 728 shares during the period. Victory Capital Management Inc. raised its holdings in Envista by 2.3% in the 2nd 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. lifted its position in shares of Envista by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 1,957 shares of the company's stock worth $39,000 after purchasing an additional 804 shares during the last quarter. Finally, Huntington National Bank grew 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 last quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVST. Wells Fargo & Company began coverage on Envista in a research note on Tuesday, October 8th. They set an "equal weight" rating and a $20.00 price objective for the company. Stifel Nicolaus boosted their target price on Envista from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Envista in a report on Thursday, October 31st. Piper Sandler lifted 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. Finally, Bank of America cut their price objective on Envista from $22.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Envista currently has an average rating of "Hold" and an average price target of $20.71.

Envista Trading Up 0.3 %

Shares of NYSE:NVST traded up $0.06 during midday trading on Monday, hitting $22.35. 806,754 shares of the stock traded hands, compared to its average volume of 2,378,302. The business's 50 day moving average is $19.79 and its two-hundred day moving average is $18.28. The stock has a market capitalization of $3.85 billion, a PE ratio of -2.87, a P/E/G ratio of 3.10 and a beta of 1.30. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. 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 released its earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative net margin of 53.42% and a positive return on equity of 3.76%. The business's revenue was down 4.8% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. As a group, research analysts forecast that Envista Holdings Co. will post 0.72 earnings per share 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.