Envista Holdings Corporation (NYSE:NVST) Shares Purchased by Cwm LLC

CWM LLC boosted its position in Envista Holdings Corporation (NYSE:NVST - Free Report) by 309.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,928 shares of the company's stock after purchasing an additional 19,600 shares during the quarter. CWM LLC's holdings in Envista were worth $448,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Ariel Investments LLC grew its holdings in Envista by 6.2% during 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. raised its stake in Envista by 72.6% during the fourth quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company's stock worth $132,223,000 after acquiring an additional 2,882,844 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 buying an additional 1,089,923 shares during the period. Gates Capital Management Inc. boosted its holdings in Envista by 15.1% in the fourth quarter. Gates Capital Management Inc. now owns 4,694,148 shares of the company's stock valued at $90,550,000 after acquiring an additional 615,577 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position 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 worth $63,101,000 after purchasing an additional 283,415 shares during the period.

Envista Stock Performance

NVST traded up $0.14 during trading on Friday, reaching $20.81. The company's stock had a trading volume of 2,267,160 shares, compared to its average volume of 1,861,461. The company's fifty day moving average price is $19.11 and its 200-day moving average price is $18.57. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of -3.19, a price-to-earnings-growth ratio of 1.31 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 2.12. Envista Holdings Corporation has a 52-week low of $14.22 and a 52-week high of $23.00.

Envista (NYSE:NVST - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. Envista had a positive return on equity of 4.07% and a negative net margin of 44.90%. The business had revenue of $616.90 million during the quarter, compared to the consensus estimate of $608.17 million. During the same period in the prior year, the firm posted $0.26 EPS. The business's revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts forecast that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Morgan Stanley set a $16.00 target price on Envista in a report on Tuesday, April 15th. Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and raised their price target for the company from $21.00 to $23.00 in a report on Tuesday, May 27th. UBS Group decreased their price target on Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Evercore ISI boosted their price target on Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $20.23.

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.