Villanova Investment Management Co LLC Invests $1.07 Million in Envista Holdings Co. (NYSE:NVST)

Villanova Investment Management Co LLC purchased a new position in shares of Envista Holdings Co. (NYSE:NVST - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 53,941 shares of the company's stock, valued at approximately $1,066,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tidal Investments LLC lifted its holdings in shares of Envista by 105.1% in the 1st quarter. Tidal Investments LLC now owns 20,331 shares of the company's stock valued at $435,000 after buying an additional 10,420 shares during the period. CWM LLC raised its position in Envista by 203.3% during the second quarter. CWM LLC now owns 14,899 shares of the company's stock valued at $248,000 after acquiring an additional 9,986 shares in the last quarter. M&G Plc lifted its holdings in Envista by 12.5% in the second quarter. M&G Plc now owns 306,253 shares of the company's stock valued at $5,206,000 after acquiring an additional 33,923 shares during the period. Raymond James & Associates boosted its position in Envista by 22.6% in the 2nd quarter. Raymond James & Associates now owns 1,032,350 shares of the company's stock worth $17,168,000 after purchasing an additional 190,240 shares in the last quarter. Finally, Leeward Investments LLC MA grew its stake in shares of Envista by 1.1% during the 2nd quarter. Leeward Investments LLC MA now owns 640,589 shares of the company's stock worth $10,653,000 after purchasing an additional 6,982 shares during the period.

Envista Price Performance

NVST traded down $0.19 on Friday, reaching $19.89. 1,515,852 shares of the company's stock were exchanged, compared to its average volume of 1,772,559. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $25.64. The stock has a market cap of $3.42 billion, a PE ratio of -2.56, a P/E/G ratio of 2.86 and a beta of 1.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.77. The stock's fifty day moving average price is $19.98 and its 200-day moving average price is $18.37.

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. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The business had revenue of $601.00 million for the quarter, compared to analysts' expectations of $590.34 million. During the same period in the previous year, the firm posted $0.43 EPS. The business's revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts expect that Envista Holdings Co. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Mizuho assumed coverage on shares of Envista in a research note on Wednesday. They issued an "underperform" rating and a $20.00 target price for the company. Stifel Nicolaus raised their target price on Envista from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Leerink Partnrs upgraded Envista from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 31st. Robert W. Baird boosted their price objective on Envista from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Finally, 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 target price for the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.65.

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.