Foundry Partners LLC Acquires Shares of 148,437 Envista Holdings Co. (NYSE:NVST)

Foundry Partners LLC bought a new position in Envista Holdings Co. (NYSE:NVST - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 148,437 shares of the company's stock, valued at approximately $3,571,000. Foundry Partners LLC owned approximately 0.09% of Envista at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NVST. Alliance Wealth Advisors LLC UT raised its position in Envista by 6.3% in the third quarter. Alliance Wealth Advisors LLC UT now owns 8,295 shares of the company's stock valued at $231,000 after purchasing an additional 490 shares during the period. Fifth Third Bancorp grew its stake in shares of Envista by 98.1% in the fourth quarter. Fifth Third Bancorp now owns 1,254 shares of the company's stock worth $30,000 after acquiring an additional 621 shares in the last quarter. Covestor Ltd grew its stake in shares of Envista by 33.9% in the third quarter. Covestor Ltd now owns 2,462 shares of the company's stock worth $69,000 after acquiring an additional 624 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Envista by 1.4% in the third quarter. Arizona State Retirement System now owns 46,611 shares of the company's stock worth $1,300,000 after acquiring an additional 635 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Envista by 3.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 20,459 shares of the company's stock worth $570,000 after acquiring an additional 698 shares in the last quarter.

Analysts Set New Price Targets

NVST has been the subject of a number of analyst reports. Leerink Partnrs reiterated an "underperform" rating on shares of Envista in a research note on Monday, February 26th. SVB Leerink initiated coverage on shares of Envista in a research note on Monday, February 26th. They set an "underperform" rating and a $19.00 target price for the company. Jefferies Financial Group downgraded shares of Envista from a "buy" rating to a "hold" rating and decreased their price objective for the company from $30.00 to $23.00 in a research note on Friday, February 9th. William Blair downgraded shares of Envista from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 8th. Finally, UBS Group initiated coverage on shares of Envista in a research note on Friday, January 5th. They issued a "neutral" rating and a $26.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $29.60.

Envista Stock Performance

Shares of NYSE:NVST traded up $0.12 on Tuesday, reaching $20.23. The company's stock had a trading volume of 1,329,110 shares, compared to its average volume of 2,338,064. The stock's 50-day moving average is $21.08 and its two-hundred day moving average is $22.79. Envista Holdings Co. has a 52-week low of $18.95 and a 52-week high of $39.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.23 and a quick ratio of 1.90. The stock has a market capitalization of $3.48 billion, a P/E ratio of -33.16, a PEG ratio of 3.73 and a beta of 1.35.

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