Leeward Investments LLC MA Has $9.13 Million Stock Position in Envista Holdings Corporation (NYSE:NVST)

Leeward Investments LLC MA trimmed its stake in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 3.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 529,112 shares of the company's stock after selling 20,728 shares during the quarter. Leeward Investments LLC MA owned about 0.31% of Envista worth $9,132,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings 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 grew its holdings 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 grew its holdings 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. Norges Bank acquired a new stake in shares of Envista during the 4th quarter worth $38,052,000. Finally, Natixis Advisors LLC grew its holdings in shares of Envista by 1.8% during the 4th quarter. Natixis Advisors LLC now owns 106,652 shares of the company's stock worth $2,057,000 after purchasing an additional 1,845 shares in the last quarter.

Envista Price Performance

NVST traded up $0.22 on Friday, reaching $20.39. The stock had a trading volume of 1,002,871 shares, compared to its average volume of 2,498,802. Envista Holdings Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $23.00. The firm has a 50-day moving average of $18.26 and a 200-day moving average of $18.46. The company has a current ratio of 2.12, a quick ratio of 1.82 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -3.12, a price-to-earnings-growth ratio of 1.30 and a beta of 1.00.

Envista (NYSE:NVST - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $608.17 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Envista Holdings Corporation will post 1 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVST. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Bank of America reduced their target price on Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Piper Sandler dropped their price objective on Envista from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. UBS Group dropped their price objective on Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $21.00 to $23.00 in a research report on Tuesday, May 27th. One 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 MarketBeat, the company has an average rating of "Hold" and an average price target 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.