Pzena Investment Management LLC lifted its position in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 160.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,294,257 shares of the company's stock after buying an additional 1,414,080 shares during the period. Pzena Investment Management LLC owned about 1.35% of Envista worth $39,599,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Envista by 1,338.3% during the first quarter. GAMMA Investing LLC now owns 33,139 shares of the company's stock valued at $572,000 after purchasing an additional 30,835 shares during the last quarter. Two Sigma Advisers LP raised its stake in Envista by 66.6% in the fourth quarter. Two Sigma Advisers LP now owns 47,800 shares of the company's stock valued at $922,000 after buying an additional 19,100 shares during the period. Comerica Bank raised its stake in Envista by 8.2% in the fourth quarter. Comerica Bank now owns 121,851 shares of the company's stock valued at $2,350,000 after buying an additional 9,248 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Envista by 220.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,319 shares of the company's stock valued at $817,000 after buying an additional 32,556 shares during the period. Finally, Norges Bank bought a new stake in Envista in the fourth quarter valued at approximately $38,052,000.
Envista Price Performance
Shares of NVST traded down $0.29 during midday trading on Friday, hitting $19.46. The company's stock had a trading volume of 1,980,932 shares, compared to its average volume of 2,461,826. Envista Holdings Corporation has a one year low of $14.22 and a one year high of $23.00. The company's fifty day simple moving average is $18.87 and its two-hundred day simple moving average is $18.53. The company has a quick ratio of 1.82, a current ratio of 2.12 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of -2.98, a price-to-earnings-growth ratio of 1.25 and a beta of 1.00.
Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. Envista had a positive return on equity of 4.07% and a negative net margin of 44.90%. The company had revenue of $616.90 million for the quarter, compared to analyst estimates of $608.17 million. During the same quarter last year, the company posted $0.26 EPS. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities analysts expect that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have issued reports on NVST. Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $21.00 to $23.00 in a research note on Tuesday, May 27th. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Piper Sandler lowered their target price on Envista from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Evercore ISI increased their target price on Envista from $19.00 to $23.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley set a $16.00 target price on Envista in a research note on Tuesday, April 15th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Envista has an average rating of "Hold" and an average target price of $20.23.
Check Out Our Latest Research Report on NVST
About Envista
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Free Report)
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.
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