Polar Asset Management Partners Inc. Boosts Stake in Envista Holdings Co. (NYSE:NVST)

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

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings 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 acquiring an additional 1,638 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Envista during the fourth quarter worth $86,000. KBC Group NV lifted its holdings in Envista by 63.9% in the fourth 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 grew its stake in shares of Envista by 51.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock valued at $213,000 after buying an additional 3,751 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Envista by 53.9% in the fourth 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 in the last quarter.

Envista Price Performance

NVST traded down $0.05 during midday trading on Friday, hitting $18.42. The stock had a trading volume of 1,310,000 shares, compared to its average volume of 2,567,671. Envista Holdings Co. has a 1 year low of $14.22 and a 1 year high of $23.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.76 and a current ratio of 2.04. The business has a fifty day moving average of $16.64 and a 200 day moving average of $18.76. The company has a market cap of $3.12 billion, a P/E ratio of -2.84, a price-to-earnings-growth ratio of 1.27 and a beta of 0.97.

Envista (NYSE:NVST - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. The business had revenue of $616.90 million for 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 company's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. As a group, equities analysts forecast that Envista Holdings Co. will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on NVST. JPMorgan Chase & Co. cut their price objective on shares of Envista from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. UBS Group cut their price objective on Envista from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of Envista in a research report on Thursday, March 6th. Morgan Stanley set a $16.00 target price on Envista in a research report on Tuesday, April 15th. Finally, New Street Research set a $19.00 price target on shares of Envista in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Envista has an average rating of "Hold" and an average target price 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.