Wedge Capital Management L L P NC Has $800,000 Holdings in Envista Holdings Co. (NYSE:NVST)

Wedge Capital Management L L P NC trimmed its stake in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 24.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,356 shares of the company's stock after selling 15,087 shares during the quarter. Wedge Capital Management L L P NC's holdings in Envista were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NVST. Treasurer of the State of North Carolina increased its stake in 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 purchasing an additional 480 shares in the last quarter. Amalgamated Bank raised its position 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 purchasing an additional 523 shares during the period. M&T Bank Corp increased its position in shares of Envista by 4.2% during the fourth quarter. M&T Bank Corp now owns 16,621 shares of the company's stock worth $320,000 after acquiring an additional 676 shares during the last quarter. Assetmark Inc. increased its position in shares of Envista by 2.5% during the fourth quarter. Assetmark Inc. now owns 39,624 shares of the company's stock worth $764,000 after acquiring an additional 983 shares during the last quarter. Finally, Xponance Inc. increased its holdings in Envista by 5.8% in the fourth quarter. Xponance Inc. now owns 19,726 shares of the company's stock valued at $381,000 after buying an additional 1,077 shares during the last quarter.

Analysts Set New Price Targets

NVST has been the subject of a number of research reports. Needham & Company LLC restated a "hold" rating on shares of Envista in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on Envista from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. New Street Research set a $19.00 target price on shares of Envista in a research note on Thursday, March 6th. Finally, UBS Group dropped their price target on shares of Envista from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Envista presently has an average rating of "Hold" and a consensus target price of $20.23.

Envista Price Performance

Shares of NYSE NVST traded down $0.43 during midday trading on Friday, reaching $18.44. 1,656,692 shares of the company were exchanged, compared to its average volume of 2,565,526. The company has a quick ratio of 1.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.44. Envista Holdings Co. has a one year low of $14.22 and a one year high of $23.00. The stock has a market cap of $3.13 billion, a P/E ratio of -2.84, a PEG ratio of 1.27 and a beta of 0.99. The stock's 50-day moving average price is $17.09 and its 200-day moving average price is $18.57.

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. The company had revenue of $616.90 million for the quarter, compared to analysts' expectations of $608.17 million. Envista had a negative net margin of 44.56% and a positive return on equity of 3.86%. The business's revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, sell-side analysts anticipate that Envista Holdings Co. will post 1 earnings per share for the current fiscal year.

Envista 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.