Envista Holdings Co. (NYSE:NVST) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in Envista Holdings Co. (NYSE:NVST - Free Report) by 14.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 314,048 shares of the company's stock after selling 54,443 shares during the period. Nuveen Asset Management LLC owned 0.18% of Envista worth $6,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in Envista by 528.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,948 shares of the company's stock valued at $38,000 after purchasing an additional 1,638 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Envista during the fourth quarter worth about $86,000. KBC Group NV grew its stake 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 during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Envista by 51.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock worth $213,000 after acquiring an additional 3,751 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Envista by 53.9% during the fourth quarter. Sterling Capital Management LLC now owns 11,105 shares of the company's stock worth $214,000 after acquiring an additional 3,888 shares during the last quarter.

Envista Stock Performance

NYSE NVST traded up $0.04 during trading hours on Wednesday, reaching $18.77. The stock had a trading volume of 1,611,408 shares, compared to its average volume of 2,567,587. Envista Holdings Co. has a 52-week low of $14.22 and a 52-week high of $23.00. The stock has a market cap of $3.18 billion, a P/E ratio of -2.89, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The stock has a fifty day moving average of $16.72 and a 200 day moving average of $18.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.76 and a current ratio of 2.04.

Envista (NYSE:NVST - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share 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 the consensus estimate of $608.17 million. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. Sell-side analysts predict that Envista Holdings Co. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NVST shares. UBS Group dropped their price target on Envista from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Morgan Stanley set a $16.00 price target on Envista in a research note on Tuesday, April 15th. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $21.00 to $23.00 in a research note on Tuesday, May 27th. Finally, Needham & Company LLC restated a "hold" rating on shares of Envista in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Envista currently has a consensus rating of "Hold" and an average price target of $20.23.

Envista 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.