SG Americas Securities LLC Grows Holdings in Envista Holdings Corporation (NYSE:NVST)

SG Americas Securities LLC boosted its stake in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 594.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,509 shares of the company's stock after acquiring an additional 92,880 shares during the period. SG Americas Securities LLC owned 0.06% of Envista worth $1,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Envista by 214.4% in the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock valued at $36,000 after purchasing an additional 1,428 shares during the last quarter. Venturi Wealth Management LLC grew its position in Envista by 528.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,948 shares of the company's stock valued at $38,000 after acquiring an additional 1,638 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Envista during the fourth quarter worth about $86,000. Tower Research Capital LLC TRC lifted its holdings in shares of Envista by 51.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock worth $213,000 after acquiring an additional 3,751 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Envista by 53.9% in the 4th quarter. Sterling Capital Management LLC now owns 11,105 shares of the company's stock valued at $214,000 after purchasing an additional 3,888 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on NVST. UBS Group cut their target price on shares of Envista from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Wells Fargo & Company set a $19.00 target price on Envista in a report on Saturday, March 8th. Piper Sandler dropped their target price on Envista from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on Envista from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.23.

Envista Trading Down 2.8%

Shares of NYSE:NVST traded down $0.54 during mid-day trading on Tuesday, hitting $18.44. The company had a trading volume of 1,811,226 shares, compared to its average volume of 2,559,423. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.12 and a quick ratio of 1.82. Envista Holdings Corporation has a one year low of $14.22 and a one year high of $23.00. The firm has a fifty day moving average price of $17.18 and a 200 day moving average price of $18.52. The company has a market capitalization of $3.13 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99.

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