Gotham Asset Management LLC Has $15.92 Million Position in Envista Holdings Co. (NYSE:NVST)

Gotham Asset Management LLC trimmed its stake in Envista Holdings Co. (NYSE:NVST - Free Report) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 825,019 shares of the company's stock after selling 164,096 shares during the period. Gotham Asset Management LLC owned about 0.48% of Envista worth $15,915,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NVST. Treasurer of the State of North Carolina increased its position in shares of Envista by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 75,560 shares of the company's stock valued at $1,458,000 after buying an additional 480 shares in the last quarter. Amalgamated Bank grew its stake in Envista by 0.7% in the fourth quarter. Amalgamated Bank now owns 80,380 shares of the company's stock valued at $1,551,000 after acquiring an additional 523 shares during the period. GAMMA Investing LLC increased its holdings in shares of Envista by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 2,304 shares of the company's stock worth $44,000 after acquiring an additional 538 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Envista by 4.2% during the 4th quarter. M&T Bank Corp now owns 16,621 shares of the company's stock valued at $320,000 after purchasing an additional 676 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Envista by 2.5% in the 4th quarter. Assetmark Inc. now owns 39,624 shares of the company's stock valued at $764,000 after purchasing an additional 983 shares during the period.

Wall Street Analysts Forecast Growth

NVST has been the subject of several research reports. Wells Fargo & Company set a $19.00 price objective on shares of Envista in a research report on Saturday, March 8th. JPMorgan Chase & Co. lowered their target price on Envista from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Morgan Stanley set a $16.00 price target on Envista in a research note on Tuesday, April 15th. UBS Group decreased their price objective on Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Envista in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.08.

Envista Stock Up 0.8%

NVST stock traded up $0.15 during mid-day trading on Tuesday, reaching $18.70. The company had a trading volume of 1,212,792 shares, compared to its average volume of 2,525,463. Envista Holdings Co. has a 52 week low of $14.22 and a 52 week high of $23.00. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -2.88, a PEG ratio of 1.27 and a beta of 0.97. 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 stock has a 50 day simple moving average of $16.50 and a two-hundred day simple moving average of $18.99.

Envista (NYSE:NVST - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share 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 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 period in the previous year, the company earned $0.26 earnings per share. As a group, equities analysts predict that Envista Holdings Co. will post 1 earnings per share for the current fiscal year.

Envista Company 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.