Teacher Retirement System of Texas Purchases 29,469 Shares of Envista Holdings Corporation (NYSE:NVST)

Teacher Retirement System of Texas lifted its stake in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,438 shares of the company's stock after acquiring an additional 29,469 shares during the period. Teacher Retirement System of Texas owned 0.05% of Envista worth $1,526,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in Envista by 72.6% in the fourth quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company's stock worth $132,223,000 after acquiring an additional 2,882,844 shares during the last quarter. Brickwood Asset Management LLP bought a new stake in shares of Envista in the 4th quarter worth approximately $40,037,000. Norges Bank bought a new position in Envista during the 4th quarter worth $38,052,000. Dimensional Fund Advisors LP grew its stake in Envista by 19.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,762,091 shares of the company's stock worth $130,440,000 after buying an additional 1,089,923 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C increased its position in Envista by 4,949.9% in the fourth quarter. Deerfield Management Company L.P. Series C now owns 1,018,415 shares of the company's stock worth $19,645,000 after buying an additional 998,248 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America decreased their target price on shares of Envista from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. UBS Group decreased their price objective on Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Morgan Stanley set a $16.00 target price on Envista in a research note on Tuesday, April 15th. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Finally, Evercore ISI raised their price target on Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $20.23.

Envista Price Performance

Shares of NVST traded down $0.32 during midday trading on Tuesday, hitting $19.71. 1,083,739 shares of the company traded hands, compared to its average volume of 2,465,127. Envista Holdings Corporation has a one year low of $14.22 and a one year high of $23.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.12 and a quick ratio of 1.82. The firm has a market cap of $3.34 billion, a P/E ratio of -3.03, a PEG ratio of 1.28 and a beta of 1.00. The stock has a 50-day moving average of $18.71 and a 200-day moving average of $18.51.

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 analysts' consensus estimates 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 4.07% and a negative net margin of 44.90%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share. As a group, sell-side analysts predict that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

About Envista

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.