Nuveen Asset Management LLC Sells 54,443 Shares of Envista Holdings Co. (NYSE:NVST)

Nuveen Asset Management LLC trimmed its stake in Envista Holdings Co. (NYSE:NVST - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 314,048 shares of the company's stock after selling 54,443 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.18% of Envista worth $6,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Venturi Wealth Management LLC boosted its position in Envista by 528.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,948 shares of the company's stock worth $38,000 after purchasing an additional 1,638 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Envista in the 4th quarter valued at approximately $86,000. KBC Group NV lifted its position in shares of Envista by 63.9% during the fourth quarter. KBC Group NV now owns 7,903 shares of the company's stock worth $152,000 after acquiring an additional 3,082 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Envista by 51.3% during the 4th 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 period. Finally, Sterling Capital Management LLC boosted its stake in Envista by 53.9% in the 4th quarter. Sterling Capital Management LLC now owns 11,105 shares of the company's stock worth $214,000 after purchasing an additional 3,888 shares during the period.

Envista Stock Down 0.3%

Shares of NYSE NVST traded down $0.06 on Wednesday, reaching $18.67. 278,990 shares of the company's stock traded hands, compared to its average volume of 2,559,444. The company has a quick ratio of 1.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.44. The business's 50 day simple moving average is $16.68 and its two-hundred day simple moving average is $18.71. Envista Holdings Co. has a 12 month low of $14.22 and a 12 month high of $23.00. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -2.88, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly 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 firm 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 3.86% and a negative net margin of 44.56%. Envista's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. As a group, equities research analysts forecast that Envista Holdings Co. will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

NVST has been the subject of a number of analyst reports. UBS Group cut their price objective on shares of Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. New Street Research set a $19.00 price target on shares of Envista in a report on Thursday, March 6th. Morgan Stanley set a $16.00 price objective on Envista in a research report on Tuesday, April 15th. Wells Fargo & Company set a $19.00 target price on Envista in a research report on Saturday, March 8th. Finally, Piper Sandler dropped their price target on Envista from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Envista presently has a consensus rating of "Hold" and an average 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.