SG Americas Securities LLC Has $103,000 Stake in Envista Holdings Co. (NYSE:NVST)

SG Americas Securities LLC trimmed its stake in Envista Holdings Co. (NYSE:NVST - Free Report) by 91.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,287 shares of the company's stock after selling 47,420 shares during the period. SG Americas Securities LLC's holdings in Envista were worth $103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Envista by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 16,223,171 shares of the company's stock valued at $452,302,000 after acquiring an additional 62,463 shares in the last quarter. Ariel Investments LLC boosted its position in shares of Envista by 4.3% during the 3rd quarter. Ariel Investments LLC now owns 5,335,578 shares of the company's stock valued at $148,756,000 after acquiring an additional 218,461 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Envista by 50.5% during the 4th quarter. Alliancebernstein L.P. now owns 4,209,467 shares of the company's stock valued at $141,733,000 after acquiring an additional 1,412,915 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Envista by 14.4% during the 1st quarter. Macquarie Group Ltd. now owns 4,157,392 shares of the company's stock valued at $169,954,000 after acquiring an additional 524,622 shares in the last quarter. Finally, Eaton Vance Management boosted its position in shares of Envista by 7.2% during the 1st quarter. Eaton Vance Management now owns 2,187,720 shares of the company's stock valued at $106,563,000 after acquiring an additional 147,127 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NVST shares. Jefferies Financial Group lowered shares of Envista from a "buy" rating to a "hold" rating and decreased their target price for the company from $30.00 to $23.00 in a research report on Friday, February 9th. SVB Leerink started coverage on shares of Envista in a report on Monday, February 26th. They set an "underperform" rating and a $19.00 price target for the company. Leerink Partnrs reissued an "underperform" rating on shares of Envista in a report on Monday, February 26th. TheStreet downgraded shares of Envista from a "c" rating to a "d+" rating in a report on Wednesday, February 7th. Finally, William Blair downgraded shares of Envista from an "outperform" rating to a "market perform" rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $29.60.

Envista Price Performance

Shares of NYSE NVST traded up $0.21 during trading on Friday, reaching $19.96. The company had a trading volume of 1,174,927 shares, compared to its average volume of 2,022,429. Envista Holdings Co. has a 52 week low of $18.95 and a 52 week high of $39.28. The stock has a market cap of $3.43 billion, a PE ratio of -32.72, a PEG ratio of 3.69 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.90 and a current ratio of 2.23. The business's 50 day moving average price is $21.17 and its 200-day moving average price is $22.90.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Envista had a positive return on equity of 6.31% and a negative net margin of 3.90%. The business had revenue of $645.60 million for the quarter, compared to the consensus estimate of $638.37 million. During the same period last year, the firm earned $0.52 earnings per share. The company's quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Envista Holdings Co. will post 1.43 earnings per share for the current year.

Envista Company 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.