Polar Asset Management Partners Inc. Increases Stock Holdings in Envista Holdings Co. (NYSE:NVST)

Polar Asset Management Partners Inc. raised its stake in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,914,799 shares of the company's stock after acquiring an additional 417,549 shares during the period. Polar Asset Management Partners Inc. owned about 1.11% of Envista worth $36,936,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in Envista by 528.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,948 shares of the company's stock worth $38,000 after acquiring an additional 1,638 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Envista during the 4th quarter valued at about $86,000. KBC Group NV boosted its position in shares of Envista by 63.9% during the 4th quarter. KBC Group NV now owns 7,903 shares of the company's stock valued at $152,000 after acquiring an additional 3,082 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 acquiring an additional 3,751 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of Envista by 53.9% during the 4th quarter. Sterling Capital Management LLC now owns 11,105 shares of the company's stock valued at $214,000 after acquiring an additional 3,888 shares during the last quarter.

Envista Price Performance

Shares of NYSE:NVST traded down $0.03 during trading on Thursday, hitting $18.50. 3,753,161 shares of the company's stock were exchanged, compared to its average volume of 2,577,164. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.04 and a quick ratio of 1.76. Envista Holdings Co. has a 52-week low of $14.22 and a 52-week high of $23.00. The business's 50-day simple moving average is $16.62 and its 200 day simple moving average is $18.78. The company has a market cap of $3.14 billion, a price-to-earnings ratio of -2.85, a PEG ratio of 1.27 and a beta of 0.97.

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 business 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 3.86% and a negative net margin of 44.56%. The firm's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. As a group, equities analysts predict that Envista Holdings Co. will post 1 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on NVST. Wells Fargo & Company set a $19.00 target price on Envista in a research report on Saturday, March 8th. Piper Sandler reduced their price target on Envista from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC reissued a "hold" rating on shares of Envista in a report on Thursday, March 6th. JPMorgan Chase & Co. dropped their target price on Envista from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Envista 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.