Lightrock Netherlands B.V. Raises Stock Position in Envista Holdings Corporation (NYSE:NVST)

Lightrock Netherlands B.V. grew its position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 73.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 464,432 shares of the company's stock after acquiring an additional 196,532 shares during the period. Envista comprises about 2.1% of Lightrock Netherlands B.V.'s holdings, making the stock its 25th largest holding. Lightrock Netherlands B.V. owned about 0.27% of Envista worth $8,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in 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 acquiring an additional 30,835 shares during the period. 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 acquiring an additional 19,100 shares during the period. 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 acquiring an additional 9,248 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings 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 acquiring an additional 32,556 shares during the period. Finally, Norges Bank purchased a new position in shares of Envista during the 4th quarter worth approximately $38,052,000.

Envista Stock Performance

Shares of NYSE NVST traded up $0.48 during midday trading on Tuesday, hitting $20.15. 1,657,740 shares of the stock traded hands, compared to its average volume of 2,497,056. The firm has a 50-day moving average of $18.41 and a two-hundred day moving average of $18.48. The firm has a market capitalization of $3.42 billion, a P/E ratio of -3.09, a PEG ratio of 1.25 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 one year low of $14.22 and a one 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 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The firm had revenue of $616.90 million for the quarter, compared to analysts' expectations of $608.17 million. Envista had a positive return on equity of 4.07% and a negative net margin of 44.90%. The company's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. On average, equities analysts forecast that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on NVST. Bank of America dropped their price target on Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Piper Sandler dropped their price target on Envista from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Robert W. Baird raised 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 report on Tuesday, May 27th. Finally, Morgan Stanley set a $16.00 price objective on Envista in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have given 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.com, the company currently has a consensus 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.