Leeward Investments LLC MA Sells 20,728 Shares of Envista Holdings Corporation (NYSE:NVST)

Leeward Investments LLC MA reduced its position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 529,112 shares of the company's stock after selling 20,728 shares during the period. Leeward Investments LLC MA owned about 0.31% of Envista worth $9,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of NVST. UMB Bank n.a. boosted its position in shares of Envista by 214.4% during the first quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock worth $36,000 after buying an additional 1,428 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Envista during the fourth quarter valued at approximately $86,000. Palouse Capital Management Inc. boosted its position in Envista by 14.4% during the first quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock valued at $163,000 after purchasing an additional 1,186 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Envista by 51.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock valued at $213,000 after purchasing an additional 3,751 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in Envista by 53.9% during the fourth quarter. Sterling Capital Management LLC now owns 11,105 shares of the company's stock valued at $214,000 after purchasing an additional 3,888 shares during the last quarter.

Envista Price Performance

Shares of NYSE NVST traded down $0.73 during mid-day trading on Monday, hitting $19.66. 2,287,333 shares of the stock traded hands, compared to its average volume of 2,500,823. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.12 and a quick ratio of 1.82. Envista Holdings Corporation has a twelve month low of $14.22 and a twelve month high of $23.00. The company has a market cap of $3.33 billion, a PE ratio of -3.01, a price-to-earnings-growth ratio of 1.30 and a beta of 1.00. The firm has a 50 day simple moving average of $18.26 and a two-hundred day simple moving average of $18.46.

Envista (NYSE:NVST - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 positive return on equity of 4.07% and a negative net margin of 44.90%. Envista's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. As a group, equities research analysts forecast that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on NVST. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Bank of America reduced their price target on Envista from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. UBS Group reduced their price target on Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Morgan Stanley set a $16.00 price objective on Envista in a research note on Tuesday, April 15th. Finally, Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $21.00 to $23.00 in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Envista currently has an average rating of "Hold" and a consensus 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.