Brickwood Asset Management LLP Invests $40.04 Million in Envista Holdings Co. (NYSE:NVST)

Brickwood Asset Management LLP purchased a new position in Envista Holdings Co. (NYSE:NVST - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,075,555 shares of the company's stock, valued at approximately $40,037,000. Envista makes up about 31.7% of Brickwood Asset Management LLP's portfolio, making the stock its biggest holding. Brickwood Asset Management LLP owned approximately 1.21% of Envista as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its holdings in shares of Envista by 528.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,948 shares of the company's stock worth $38,000 after purchasing an additional 1,638 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Envista during the fourth quarter valued at approximately $86,000. KBC Group NV boosted its position in Envista by 63.9% during the 4th quarter. KBC Group NV now owns 7,903 shares of the company's stock worth $152,000 after acquiring an additional 3,082 shares during the period. Tower Research Capital LLC TRC boosted its position in Envista by 51.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock valued at $213,000 after purchasing an additional 3,751 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Envista by 53.9% in the fourth quarter. Sterling Capital Management LLC now owns 11,105 shares of the company's stock valued at $214,000 after acquiring an additional 3,888 shares during the last quarter.

Envista Price Performance

Envista stock traded down $0.14 on Friday, reaching $16.73. The company's stock had a trading volume of 2,062,553 shares, compared to its average volume of 2,562,804. 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 company has a market cap of $2.84 billion, a price-to-earnings ratio of -2.58, a PEG ratio of 1.27 and a beta of 0.97. The business's fifty day moving average price is $16.57 and its 200 day moving average price is $18.81. Envista Holdings Co. has a twelve month low of $14.22 and a twelve month high of $23.00.

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. The company had revenue of $616.90 million during 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%. The firm'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. Equities analysts expect that Envista Holdings Co. will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on NVST. Robert W. Baird set a $21.00 target price on shares of Envista in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Envista in a research report on Thursday, March 6th. New Street Research set a $19.00 target price on shares of Envista in a research report on Thursday, March 6th. Piper Sandler dropped their price target on shares of Envista from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group decreased their price objective on Envista from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $20.08.

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.