Louisiana State Employees Retirement System Invests $1.16 Million in Envista Holdings Co. (NYSE:NVST)

Louisiana State Employees Retirement System purchased a new position in Envista Holdings Co. (NYSE:NVST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,100 shares of the company's stock, valued at approximately $1,157,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVST. DnB Asset Management AS raised its stake in Envista by 33.4% during the 3rd quarter. DnB Asset Management AS now owns 56,749 shares of the company's stock valued at $1,582,000 after purchasing an additional 14,216 shares during the period. Oak Thistle LLC purchased a new position in shares of Envista in the third quarter worth $1,568,000. Corbyn Investment Management Inc. MD boosted its position in shares of Envista by 93.2% during the third quarter. Corbyn Investment Management Inc. MD now owns 73,437 shares of the company's stock worth $2,047,000 after acquiring an additional 35,420 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Envista by 9.5% during the third quarter. Handelsbanken Fonder AB now owns 925,600 shares of the company's stock valued at $25,806,000 after acquiring an additional 80,000 shares in the last quarter. Finally, HGK Asset Management Inc. increased its holdings in Envista by 13.1% in the 3rd quarter. HGK Asset Management Inc. now owns 18,376 shares of the company's stock valued at $512,000 after acquiring an additional 2,129 shares during the last quarter.

Envista Stock Up 0.3 %

Shares of Envista stock traded up $0.06 during trading on Wednesday, hitting $20.28. 1,173,568 shares of the stock traded hands, compared to its average volume of 2,323,324. Envista Holdings Co. has a 52-week low of $18.95 and a 52-week high of $39.09. The stock's fifty day simple moving average is $21.05 and its 200 day simple moving average is $22.77. The company has a current ratio of 2.23, a quick ratio of 1.90 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.49 billion, a P/E ratio of -33.25, a price-to-earnings-growth ratio of 3.75 and a beta of 1.35.

Envista (NYSE:NVST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $645.60 million during the quarter, compared to analysts' expectations of $638.37 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities analysts predict that Envista Holdings Co. will post 1.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Leerink Partnrs reaffirmed an "underperform" rating on shares of Envista in a research note on Monday, February 26th. William Blair downgraded shares of Envista from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 8th. TheStreet cut shares of Envista from a "c" rating to a "d+" rating in a research note on Wednesday, February 7th. UBS Group assumed coverage on shares of Envista in a research report on Friday, January 5th. They set a "neutral" rating and a $26.00 target price on the stock. Finally, SVB Leerink assumed coverage on Envista in a research report on Monday, February 26th. They issued an "underperform" rating and a $19.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Envista currently has a consensus rating of "Hold" and an average price target of $29.60.

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.