Envista Holdings Co. (NYSE:NVST) Position Trimmed by Swedbank AB

Swedbank AB cut its position in Envista Holdings Co. (NYSE:NVST - Free Report) by 93.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company's stock after selling 1,502,200 shares during the period. Swedbank AB owned 0.06% of Envista worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NVST. Price T Rowe Associates Inc. MD raised its position in shares of Envista by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 133,887 shares of the company's stock valued at $2,863,000 after buying an additional 8,380 shares during the last quarter. Tidal Investments LLC lifted its stake in Envista by 105.1% in the 1st quarter. Tidal Investments LLC now owns 20,331 shares of the company's stock worth $435,000 after purchasing an additional 10,420 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Envista by 1,420.3% during the 2nd quarter. Versant Capital Management Inc now owns 3,147 shares of the company's stock worth $52,000 after purchasing an additional 2,940 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Envista by 287.4% in the second quarter. Harbor Capital Advisors Inc. now owns 169,648 shares of the company's stock valued at $2,821,000 after purchasing an additional 125,861 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Envista by 203.3% in the second quarter. CWM LLC now owns 14,899 shares of the company's stock valued at $248,000 after purchasing an additional 9,986 shares during the last quarter.

Envista Price Performance

NVST stock traded up $0.33 on Thursday, reaching $22.33. 1,418,190 shares of the company's stock were exchanged, compared to its average volume of 2,392,987. The firm has a market cap of $3.84 billion, a PE ratio of -2.87, a P/E/G ratio of 3.09 and a beta of 1.30. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $25.64. The stock has a fifty day moving average of $19.67 and a 200-day moving average of $18.24. 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 (NYSE:NVST - Get Free Report) last issued its 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. The company had revenue of $601.00 million for 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 firm's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, equities analysts predict that Envista Holdings Co. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NVST shares. Piper Sandler raised their price objective on shares of Envista from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Robert W. Baird raised their price target on shares of Envista from $17.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. cut Envista from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $23.00 to $16.00 in a report on Thursday, August 8th. Evercore ISI raised their target price on Envista from $18.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. Finally, Leerink Partnrs raised Envista from a "strong sell" rating to a "hold" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Envista presently has a consensus rating of "Hold" and an average price target of $20.71.

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.