Envista Holdings Co. (NYSE:NVST) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lessened its holdings in Envista Holdings Co. (NYSE:NVST - Free Report) by 38.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,792 shares of the company's stock after selling 34,803 shares during the period. Quantinno Capital Management LP's holdings in Envista were worth $1,102,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in 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 last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Envista by 50.8% in the 3rd 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 in the last quarter. Victory Capital Management Inc. lifted its position in shares of Envista by 2.3% during the 2nd quarter. Victory Capital Management Inc. now owns 36,021 shares of the company's stock worth $599,000 after purchasing an additional 800 shares during the last quarter. 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% during the third quarter. Huntington National Bank now owns 1,919 shares of the company's stock worth $38,000 after purchasing an additional 949 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NVST shares. Leerink Partners raised Envista from an "underperform" rating to a "market perform" rating and lifted their price target for the stock from $16.00 to $23.00 in a report on Thursday, October 31st. Leerink Partnrs raised Envista from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 31st. Mizuho started coverage on Envista in a report on Wednesday, December 4th. They issued an "underperform" rating and a $20.00 price target for the company. Wells Fargo & Company assumed coverage on shares of Envista in a report on Tuesday, October 8th. They set an "equal weight" rating and a $20.00 price objective on the stock. Finally, Piper Sandler upped their target price on shares of Envista from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Envista presently has an average rating of "Hold" and a consensus target price of $20.65.

Envista Stock Performance

NYSE NVST traded down $0.83 during trading on Friday, reaching $19.47. The company's stock had a trading volume of 1,680,303 shares, compared to its average volume of 2,367,129. The business's fifty day moving average price is $20.07 and its 200-day moving average price is $18.43. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $25.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.08. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of -2.51, a P/E/G ratio of 2.86 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 (EPS) for the quarter, beating 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 analysts' expectations of $590.34 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, analysts anticipate that Envista Holdings Co. will post 0.72 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.