Centiva Capital LP Purchases New Position in Envista Holdings Co. (NYSE:NVST)

Centiva Capital LP bought a new position in shares of Envista Holdings Co. (NYSE:NVST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,352 shares of the company's stock, valued at approximately $894,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ariel Investments LLC increased its holdings in Envista by 6.2% during the fourth quarter. Ariel Investments LLC now owns 12,059,624 shares of the company's stock worth $232,630,000 after buying an additional 699,625 shares during the last quarter. Franklin Resources Inc. increased its holdings in Envista by 72.6% during the fourth quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company's stock worth $132,223,000 after buying an additional 2,882,844 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Envista by 19.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,762,091 shares of the company's stock worth $130,440,000 after buying an additional 1,089,923 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Envista by 9.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,271,175 shares of the company's stock worth $63,101,000 after buying an additional 283,415 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Envista by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,317,631 shares of the company's stock worth $44,707,000 after buying an additional 179,600 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on NVST. Needham & Company LLC restated a "hold" rating on shares of Envista in a research note on Thursday, March 6th. Wells Fargo & Company set a $19.00 target price on shares of Envista in a research report on Saturday, March 8th. Bank of America cut their target price on shares of Envista from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Robert W. Baird set a $21.00 target price on shares of Envista in a research report on Friday, May 2nd. Finally, Morgan Stanley set a $16.00 price target on shares of Envista in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.08.

Envista Stock Up 0.8%

Shares of NYSE NVST traded up $0.15 on Tuesday, reaching $18.70. 1,212,792 shares of the company's stock traded hands, compared to its average volume of 2,789,474. Envista Holdings Co. has a 12 month low of $14.22 and a 12 month high of $23.00. The business's 50 day simple moving average is $16.49 and its two-hundred day simple moving average is $18.99. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -2.88, a price-to-earnings-growth ratio of 1.27 and a beta of 0.97. The company has a quick ratio of 1.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.44.

Envista (NYSE:NVST - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. Envista had a negative net margin of 44.56% and a positive return on equity of 3.86%. The business had revenue of $616.90 million during the quarter, compared to the consensus estimate of $608.17 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business's revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Envista Holdings Co. will post 1 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.