Envista Holdings Co. (NYSE:NVST - Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 9,290,000 shares, a decline of 15.3% from the April 30th total of 10,970,000 shares. Approximately 5.5% of the company's shares are sold short. Based on an average trading volume of 3,120,000 shares, the days-to-cover ratio is currently 3.0 days.
Institutional Investors Weigh In On Envista
A number of hedge funds have recently modified their holdings of NVST. Ariel Investments LLC raised its stake in shares of Envista by 0.7% in the first quarter. Ariel Investments LLC now owns 12,144,745 shares of the company's stock valued at $209,618,000 after buying an additional 85,121 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Envista by 24.0% in the first quarter. Dimensional Fund Advisors LP now owns 8,387,297 shares of the company's stock valued at $144,760,000 after acquiring an additional 1,625,206 shares during the period. Franklin Resources Inc. grew its position in shares of Envista by 72.6% during the 4th 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 in the last quarter. Gates Capital Management Inc. increased its stake in Envista by 10.0% in the 1st quarter. Gates Capital Management Inc. now owns 5,163,745 shares of the company's stock worth $89,126,000 after acquiring an additional 469,597 shares during the last quarter. Finally, Clarkston Capital Partners LLC raised its holdings in shares of Envista by 9.3% in the 1st quarter. Clarkston Capital Partners LLC now owns 4,686,747 shares of the company's stock valued at $80,893,000 after acquiring an additional 398,672 shares in the last quarter.
Envista Stock Down 0.3%
Shares of NVST stock traded down $0.07 on Thursday, hitting $18.69. The stock had a trading volume of 1,189,539 shares, compared to its average volume of 2,562,096. Envista has a 12-month low of $14.22 and a 12-month high of $23.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.04 and a quick ratio of 1.76. The business has a 50 day moving average of $16.72 and a 200 day moving average of $18.71. The stock 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 0.99.
Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. The business had revenue of $616.90 million for the quarter, compared to analyst estimates of $608.17 million. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. Envista's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. As a group, analysts expect that Envista will post 1 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on NVST. JPMorgan Chase & Co. decreased their price objective on shares of Envista from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. UBS Group dropped their price objective on Envista from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Morgan Stanley set a $16.00 target price on Envista in a research note on Tuesday, April 15th. Finally, Robert W. Baird raised Envista from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $21.00 to $23.00 in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.23.
Read Our Latest Report on NVST
About Envista
(
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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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