First Hawaiian Bank Buys 15,312 Shares of Envista Holdings Co. (NYSE:NVST)

First Hawaiian Bank lifted its stake in Envista Holdings Co. (NYSE:NVST - Free Report) by 47.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,597 shares of the company's stock after buying an additional 15,312 shares during the period. First Hawaiian Bank's holdings in Envista were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Ariel Investments LLC lifted its stake in shares of Envista by 6.2% in the fourth quarter. Ariel Investments LLC now owns 12,059,624 shares of the company's stock valued at $232,630,000 after buying an additional 699,625 shares during the period. Franklin Resources Inc. lifted 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 purchasing an additional 2,882,844 shares during the period. Dimensional Fund Advisors LP lifted its stake in Envista by 19.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,762,091 shares of the company's stock worth $130,440,000 after purchasing an additional 1,089,923 shares during the period. Gates Capital Management Inc. lifted its stake in Envista by 15.1% during the fourth quarter. Gates Capital Management Inc. now owns 4,694,148 shares of the company's stock worth $90,550,000 after purchasing an additional 615,577 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in 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 Price Performance

Shares of Envista stock traded up $0.04 during midday trading on Wednesday, reaching $18.77. The company had a trading volume of 1,611,408 shares, compared to its average volume of 2,567,587. The company has a current ratio of 2.04, a quick ratio of 1.76 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -2.89, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The stock has a fifty day simple moving average of $16.72 and a 200 day simple moving average of $18.71. Envista Holdings Co. has a 1-year low of $14.22 and a 1-year high of $23.00.

Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. The business had revenue of $616.90 million during the quarter, compared to analyst estimates of $608.17 million. Envista had a negative net margin of 44.56% and a positive return on equity of 3.86%. Envista's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. As a group, equities research analysts forecast that Envista Holdings Co. will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. New Street Research set a $19.00 price target on shares of Envista in a research note on Thursday, March 6th. UBS Group cut their price target on shares of Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Piper Sandler cut their price target on shares of Envista from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Baird R W upgraded shares of Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Finally, Bank of America cut their target price on shares of Envista from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.23.

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.