Crossmark Global Holdings Inc. lifted its position in Envista Holdings Corporation (NYSE:NVST - Free Report) by 208.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,751 shares of the company's stock after buying an additional 24,159 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Envista were worth $617,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of NVST. Franklin Resources Inc. increased its holdings in Envista by 72.6% during the 4th quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company's stock worth $132,223,000 after purchasing an additional 2,882,844 shares during the period. Brickwood Asset Management LLP purchased a new stake in Envista during the 4th quarter worth about $40,037,000. Norges Bank purchased a new stake in Envista during the 4th quarter worth about $38,052,000. Dimensional Fund Advisors LP increased its holdings in Envista by 19.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,762,091 shares of the company's stock worth $130,440,000 after purchasing an additional 1,089,923 shares during the period. Finally, Deerfield Management Company L.P. Series C increased its holdings in Envista by 4,949.9% during the 4th quarter. Deerfield Management Company L.P. Series C now owns 1,018,415 shares of the company's stock worth $19,645,000 after purchasing an additional 998,248 shares during the period.
Envista Stock Performance
Envista stock traded down $0.53 during mid-day trading on Friday, reaching $20.19. 1,852,889 shares of the company were exchanged, compared to its average volume of 2,474,117. Envista Holdings Corporation has a twelve month low of $14.22 and a twelve month high of $23.00. The firm's 50-day simple moving average is $18.65 and its two-hundred day simple moving average is $18.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 2.12. The firm has a market cap of $3.42 billion, a PE ratio of -3.09, a price-to-earnings-growth ratio of 1.28 and a beta of 1.00.
Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $616.90 million during the quarter, compared to analysts' expectations of $608.17 million. Envista had a positive return on equity of 4.07% and a negative net margin of 44.90%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. Equities analysts predict that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.
Analyst Ratings Changes
NVST has been the topic of several recent research reports. Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $21.00 to $23.00 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 report on Monday, May 5th. Evercore ISI increased their price objective on Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Finally, Bank of America dropped their price objective on Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.23.
Read Our Latest Stock Analysis on Envista
Envista Profile
(
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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