Lightrock Netherlands B.V. Increases Holdings in Envista Holdings Corporation (NYSE:NVST)

Lightrock Netherlands B.V. boosted its position in Envista Holdings Corporation (NYSE:NVST - Free Report) by 73.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 464,432 shares of the company's stock after purchasing an additional 196,532 shares during the period. Envista accounts for about 2.1% of Lightrock Netherlands B.V.'s portfolio, making the stock its 25th biggest 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 institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Envista in the fourth quarter valued at about $358,000. US Bancorp DE increased its stake in shares of Envista by 340.9% in the fourth quarter. US Bancorp DE now owns 21,919 shares of the company's stock valued at $423,000 after buying an additional 16,948 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Envista by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,317,631 shares of the company's stock valued at $44,707,000 after buying an additional 179,600 shares during the period. Keybank National Association OH acquired a new stake in shares of Envista in the fourth quarter valued at about $234,000. Finally, Assetmark Inc. increased its stake in shares of Envista by 2.5% in the fourth quarter. Assetmark Inc. now owns 39,624 shares of the company's stock valued at $764,000 after buying an additional 983 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently commented on NVST shares. UBS Group cut their target price on Envista from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Wells Fargo & Company set a $19.00 price target on Envista in a report on Saturday, March 8th. Morgan Stanley set a $16.00 price target on Envista in a report on Tuesday, April 15th. Finally, Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $21.00 to $23.00 in a report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Envista has a consensus rating of "Hold" and an average price target of $20.23.

Envista Stock Performance

NYSE:NVST traded up $0.22 during trading hours on Friday, reaching $20.39. The stock had a trading volume of 1,002,871 shares, compared to its average volume of 2,501,666. The stock has a market cap of $3.46 billion, a P/E ratio of -3.12, a price-to-earnings-growth ratio of 1.30 and a beta of 1.00. Envista Holdings Corporation has a 12-month low of $14.22 and a 12-month high of $23.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 2.12. The stock has a 50 day simple moving average of $18.26 and a 200 day simple moving average of $18.46.

Envista (NYSE:NVST - Get Free Report) last announced 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 company had revenue of $616.90 million during 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 firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. On average, research analysts forecast that Envista Holdings Corporation will post 1 EPS for the current fiscal 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.