River Road Asset Management LLC Has $5.73 Million Position in Envista Holdings Co. (NYSE:NVST)

River Road Asset Management LLC reduced its holdings in Envista Holdings Co. (NYSE:NVST - Free Report) by 86.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 289,805 shares of the company's stock after selling 1,870,792 shares during the quarter. River Road Asset Management LLC owned about 0.17% of Envista worth $5,727,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in Envista during the 3rd quarter valued at $31,000. GAMMA Investing LLC raised its position in shares of Envista by 69.8% during the third 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. Blue Trust Inc. lifted 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 valued at $39,000 after buying an additional 804 shares during the period. Allspring Global Investments Holdings LLC grew its position in Envista by 50.8% during 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 in the last quarter. Finally, Versant Capital Management Inc increased its stake in Envista by 1,420.3% during the second quarter. Versant Capital Management Inc now owns 3,147 shares of the company's stock valued at $52,000 after acquiring an additional 2,940 shares during the period.

Envista Price Performance

Shares of NVST stock traded up $0.79 during trading hours on Wednesday, hitting $21.89. 1,490,573 shares of the company's stock were exchanged, compared to its average volume of 2,427,842. The stock's 50-day moving average is $18.75 and its 200-day moving average is $18.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.77. Envista Holdings Co. has a 52 week low of $15.15 and a 52 week high of $25.64. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of -2.82, a price-to-earnings-growth ratio of 3.03 and a beta of 1.30.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The firm had revenue of $601.00 million during the quarter, compared to analysts' expectations of $590.34 million. During the same quarter last year, the company posted $0.43 EPS. The company's quarterly revenue was down 4.8% compared to the same quarter last year. As a group, research analysts forecast that Envista Holdings Co. will post 0.7 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NVST shares. Stifel Nicolaus lifted their price objective on Envista from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Wells Fargo & Company started coverage on shares of Envista in a report on Tuesday, October 8th. They issued an "equal weight" rating and a $20.00 price target on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Envista in a report on Thursday, October 31st. Bank of America lowered their target price on shares of Envista from $22.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Finally, Piper Sandler raised their price target on shares of Envista from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $20.71.

Insider Activity

In other news, CFO Eric D. Hammes acquired 24,532 shares of the company's stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $16.33 per share, with a total value of $400,607.56. Following the acquisition, the chief financial officer now owns 24,532 shares of the company's stock, valued at $400,607.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company's stock.

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.