Envista Holdings Corporation (NYSE:NVST) Shares Purchased by Homestead Advisers Corp

Homestead Advisers Corp increased its position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 34.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,400 shares of the company's stock after acquiring an additional 76,100 shares during the period. Homestead Advisers Corp owned approximately 0.17% of Envista worth $5,081,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Envista by 1,338.3% during the 1st quarter. GAMMA Investing LLC now owns 33,139 shares of the company's stock worth $572,000 after purchasing an additional 30,835 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Envista by 66.6% during the 4th quarter. Two Sigma Advisers LP now owns 47,800 shares of the company's stock worth $922,000 after purchasing an additional 19,100 shares in the last quarter. Comerica Bank raised its stake in shares of Envista by 8.2% during the 4th quarter. Comerica Bank now owns 121,851 shares of the company's stock worth $2,350,000 after purchasing an additional 9,248 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Envista by 220.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,319 shares of the company's stock worth $817,000 after purchasing an additional 32,556 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Envista during the 4th quarter worth about $38,052,000.

Envista Price Performance

Shares of NVST traded up $0.43 during midday trading on Tuesday, hitting $19.90. The company's stock had a trading volume of 228,285 shares, compared to its average volume of 2,557,590. 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 Holdings Corporation has a one year low of $14.22 and a one year high of $23.00. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of -3.05, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The company's fifty day simple moving average is $18.91 and its two-hundred day simple moving average is $18.53.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVST. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Piper Sandler dropped their price target on Envista from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI lifted their price objective on Envista from $19.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Bank of America decreased 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. Finally, Morgan Stanley set a $16.00 price target on Envista in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Envista currently has a consensus rating of "Hold" and an average 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.

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