Janus Henderson Group PLC Has $25.77 Million Holdings in Envista Holdings Co. (NYSE:NVST)

Janus Henderson Group PLC decreased its holdings in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,335,972 shares of the company's stock after selling 33,838 shares during the quarter. Janus Henderson Group PLC owned 0.78% of Envista worth $25,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NVST. Treasurer of the State of North Carolina grew its holdings in Envista by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 75,560 shares of the company's stock valued at $1,458,000 after purchasing an additional 480 shares during the last quarter. Amalgamated Bank raised its holdings in Envista by 0.7% in the 4th quarter. Amalgamated Bank now owns 80,380 shares of the company's stock worth $1,551,000 after acquiring an additional 523 shares during the period. M&T Bank Corp raised its holdings in Envista by 4.2% in the 4th quarter. M&T Bank Corp now owns 16,621 shares of the company's stock worth $320,000 after acquiring an additional 676 shares during the period. Assetmark Inc. lifted its position in Envista by 2.5% during the 4th quarter. Assetmark Inc. now owns 39,624 shares of the company's stock worth $764,000 after acquiring an additional 983 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in Envista by 5.8% during the fourth quarter. Xponance Inc. now owns 19,726 shares of the company's stock valued at $381,000 after acquiring an additional 1,077 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Robert W. Baird set a $21.00 price objective on Envista in a research note on Friday, May 2nd. New Street Research set a $19.00 price target on Envista in a research report on Thursday, March 6th. Jefferies Financial Group upped their price target on Envista from $20.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Bank of America lowered their price objective on shares of Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Envista in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.08.

Envista Price Performance

Shares of NYSE:NVST traded down $0.59 during midday trading on Monday, reaching $17.68. The company's stock had a trading volume of 2,576,903 shares, compared to its average volume of 2,543,904. The business's fifty day simple moving average is $16.52 and its 200-day simple moving average is $18.96. 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 fifty-two week low of $14.22 and a fifty-two week high of $23.00. The company has a market capitalization of $3.00 billion, a P/E ratio of -2.72, a P/E/G 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, beating the consensus estimate of $0.20 by $0.04. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. The company had revenue of $616.90 million during the quarter, compared to analysts' expectations of $608.17 million. During the same period last year, the firm earned $0.26 EPS. The business's revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities research analysts expect that Envista Holdings Co. will post 1 EPS for the current fiscal year.

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.