New York State Common Retirement Fund grew its position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,101 shares of the company's stock after acquiring an additional 33,855 shares during the period. New York State Common Retirement Fund owned about 0.27% of Envista worth $7,769,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Treasurer of the State of North Carolina boosted its stake in shares of Envista by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 75,560 shares of the company's stock worth $1,458,000 after purchasing an additional 480 shares during the last quarter. Xponance Inc. boosted its stake in shares of Envista by 5.8% during the 4th quarter. Xponance Inc. now owns 19,726 shares of the company's stock worth $381,000 after purchasing an additional 1,077 shares during the last quarter. Palouse Capital Management Inc. boosted its stake in shares of Envista by 14.4% during the 1st quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock worth $163,000 after purchasing an additional 1,186 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Envista by 0.4% in the fourth quarter. California Public Employees Retirement System now owns 288,546 shares of the company's stock worth $5,566,000 after acquiring an additional 1,272 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Envista by 214.4% in the first quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock worth $36,000 after acquiring an additional 1,428 shares during the last quarter.
Wall Street Analyst Weigh In
Several research firms recently commented on NVST. Evercore ISI raised their price target on shares of Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Baird R W raised shares of Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Piper Sandler cut their price objective on shares of Envista from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. 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 report on Monday, May 5th. Finally, Bank of America dropped their price target on Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.23.
Read Our Latest Analysis on Envista
Envista Price Performance
NYSE:NVST traded up $0.61 during trading hours on Tuesday, reaching $20.08. The company had a trading volume of 747,156 shares, compared to its average volume of 2,454,777. The stock has a 50-day moving average of $18.91 and a two-hundred day moving average of $18.53. Envista Holdings Corporation has a one year low of $14.22 and a one year high of $23.00. The firm has a market capitalization of $3.40 billion, a PE ratio of -3.08, a PEG ratio of 1.23 and a beta of 1.00. The company has a quick ratio of 1.82, a current ratio of 2.12 and a debt-to-equity ratio of 0.43.
Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $608.17 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The firm's revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts forecast that Envista Holdings Corporation will post 1 earnings per share for the current year.
Envista Company Profile
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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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