Envista Holdings Co. (NYSE:NVST) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in Envista Holdings Co. (NYSE:NVST - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NVST. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Envista during the fourth quarter valued at approximately $53,000. Profit Investment Management LLC lifted its stake in shares of Envista by 6.0% in the 4th quarter. Profit Investment Management LLC now owns 127,597 shares of the company's stock valued at $2,461,000 after purchasing an additional 7,226 shares during the last quarter. Hedges Asset Management LLC lifted its stake in shares of Envista by 13.9% in the 4th quarter. Hedges Asset Management LLC now owns 53,300 shares of the company's stock valued at $1,028,000 after purchasing an additional 6,500 shares during the last quarter. KBC Group NV raised its holdings in 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 buying an additional 3,082 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in Envista by 146.6% in the fourth quarter. Hantz Financial Services Inc. now owns 110,489 shares of the company's stock worth $2,131,000 after buying an additional 65,679 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on NVST shares. Jefferies Financial Group lifted their price objective on shares of Envista from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Robert W. Baird set a $21.00 price target on shares of Envista in a research note on Friday, May 2nd. Bank of America cut their price target on shares of Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their price objective on shares of Envista from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Finally, UBS Group decreased their price objective on shares of Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $20.08.

Envista Trading Down 3.2%

NVST traded down $0.57 during trading hours on Wednesday, reaching $17.20. 553,629 shares of the company's stock traded hands, compared to its average volume of 2,549,050. The firm has a 50-day moving average price of $16.58 and a 200 day moving average price of $18.93. Envista Holdings Co. has a 52-week low of $14.22 and a 52-week high of $23.00. The company has a quick ratio of 1.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.92 billion, a PE ratio of -2.65, a PEG ratio of 1.27 and a beta of 0.97.

Envista (NYSE:NVST - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, topping 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 business had revenue of $616.90 million during the quarter, compared to analysts' expectations of $608.17 million. During the same period in the prior year, the business earned $0.26 EPS. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Envista Holdings Co. 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.