GAMMA Investing LLC Boosts Holdings in Envista Holdings Corporation (NYSE:NVST)

GAMMA Investing LLC boosted its position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 1,338.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,139 shares of the company's stock after acquiring an additional 30,835 shares during the period. GAMMA Investing LLC's holdings in Envista were worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NVST. Empowered Funds LLC purchased a new position in shares of Envista in the fourth quarter worth $374,000. Rhumbline Advisers raised its holdings in shares of Envista by 1.4% in the fourth quarter. Rhumbline Advisers now owns 474,259 shares of the company's stock worth $9,148,000 after buying an additional 6,421 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Envista by 528.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,948 shares of the company's stock worth $38,000 after buying an additional 1,638 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in shares of Envista by 4.8% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 24,931 shares of the company's stock worth $481,000 after buying an additional 1,150 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Envista by 0.7% in the fourth quarter. Amalgamated Bank now owns 80,380 shares of the company's stock worth $1,551,000 after buying an additional 523 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird raised shares of Envista from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $21.00 to $23.00 in a report on Tuesday, May 27th. Bank of America decreased their price target on shares of Envista from $26.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. UBS Group decreased their price target on shares of Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Wells Fargo & Company set a $19.00 price objective on shares of Envista in a research note on Saturday, March 8th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Envista in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.23.

Envista Stock Performance

NVST stock traded up $0.27 during midday trading on Friday, hitting $18.88. 3,200,221 shares of the stock traded hands, compared to its average volume of 2,527,567. The firm has a market cap of $3.20 billion, a P/E ratio of -2.89, a PEG ratio of 1.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.12 and a quick ratio of 1.82. The stock's fifty day simple moving average is $17.39 and its 200-day simple moving average is $18.46. Envista Holdings Corporation has a 1-year low of $14.22 and a 1-year high of $23.00.

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