GSA Capital Partners LLP Makes New $1.65 Million Investment in Envista Holdings Corporation (NYSE:NVST)

GSA Capital Partners LLP acquired a new position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 95,432 shares of the company's stock, valued at approximately $1,647,000. GSA Capital Partners LLP owned 0.06% of Envista at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NVST. GAMMA Investing LLC lifted its holdings in shares of Envista by 1,338.3% in the 1st quarter. GAMMA Investing LLC now owns 33,139 shares of the company's stock valued at $572,000 after buying an additional 30,835 shares during the period. Two Sigma Advisers LP boosted its position in Envista by 66.6% in 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 grew 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 during the period. Wealth Enhancement Advisory Services LLC grew 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 during the period. Finally, Norges Bank purchased a new position in shares of Envista during the 4th quarter valued at approximately $38,052,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Morgan Stanley upped their price target on Envista from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday. Wells Fargo & Company raised their price target on shares of Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday. Wall Street Zen upgraded Envista from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Mizuho raised their target price on Envista from $15.00 to $18.00 and gave the company an "underperform" rating in a research report on Friday. Finally, Stifel Nicolaus lifted their price target on Envista from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.92.

Envista Trading Up 10.0%

Shares of NYSE NVST traded up $1.89 during trading on Friday, hitting $20.78. 6,198,369 shares of the company were exchanged, compared to its average volume of 2,233,196. The company has a fifty day moving average price of $19.41 and a 200-day moving average price of $18.61. The firm has a market capitalization of $3.52 billion, a PE ratio of 64.94, a P/E/G ratio of 1.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 2.12. Envista Holdings Corporation has a 12-month low of $14.22 and a 12-month high of $23.00.

Envista (NYSE:NVST - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Envista had a return on equity of 4.89% and a net margin of 2.11%. The company had revenue of $682.10 million during the quarter, compared to the consensus estimate of $638.21 million. During the same period in the previous year, the company posted $0.11 EPS. Envista's revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts expect that Envista Holdings Corporation will post 1 EPS for the current year.

About Envista

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.