Crestline Management LP purchased a new stake in shares of Envista Holdings Co. (NYSE:NVST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 84,794 shares of the company's stock, valued at approximately $1,636,000.
Several other large investors have also modified their holdings of the business. Ariel Investments LLC raised its stake in Envista by 6.2% in the 4th quarter. Ariel Investments LLC now owns 12,059,624 shares of the company's stock worth $232,630,000 after acquiring an additional 699,625 shares during the last quarter. Franklin Resources Inc. grew its holdings in Envista by 72.6% in the fourth quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company's stock valued at $132,223,000 after purchasing an additional 2,882,844 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Envista by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,762,091 shares of the company's stock valued at $130,440,000 after purchasing an additional 1,089,923 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Envista by 9.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,271,175 shares of the company's stock valued at $63,101,000 after acquiring an additional 283,415 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 in the last quarter.
Envista Price Performance
NVST stock traded up $0.97 during midday trading on Monday, hitting $18.56. 2,391,237 shares of the stock were exchanged, compared to its average volume of 2,527,968. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.76 and a current ratio of 2.04. The stock's 50-day moving average price is $16.48 and its 200-day moving average price is $19.00. Envista Holdings Co. has a fifty-two week low of $14.22 and a fifty-two week high of $23.00. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of -2.86, a PEG ratio of 1.27 and a beta of 0.97.
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 the consensus estimate of $0.20 by $0.04. The firm had revenue of $616.90 million during the quarter, compared to the consensus estimate of $608.17 million. Envista had a negative net margin of 44.56% and a positive return on equity of 3.86%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS. Research analysts predict that Envista Holdings Co. will post 1 earnings per share for the current year.
Analyst Ratings Changes
NVST has been the subject of several analyst reports. Piper Sandler dropped their target price on Envista from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on shares of Envista from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company set a $19.00 target price on shares of Envista in a research note on Saturday, March 8th. Bank of America dropped their price target on shares of Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Envista in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.08.
Check Out Our Latest Research Report on Envista
About Envista
(
Free Report)
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.
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