Paradice Investment Management LLC Lowers Stock Holdings in Envista Holdings Co. (NYSE:NVST)

Paradice Investment Management LLC reduced its position in Envista Holdings Co. (NYSE:NVST - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,164,549 shares of the company's stock after selling 144,434 shares during the quarter. Envista comprises about 3.5% of Paradice Investment Management LLC's portfolio, making the stock its 15th largest position. Paradice Investment Management LLC owned about 0.68% of Envista worth $28,019,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headinvest LLC acquired a new position in Envista during the third quarter worth about $28,000. Fifth Third Bancorp lifted its stake in Envista by 98.1% in the 4th quarter. Fifth Third Bancorp now owns 1,254 shares of the company's stock valued at $30,000 after purchasing an additional 621 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Envista in the third quarter valued at approximately $47,000. Signaturefd LLC grew its stake in shares of Envista by 1,297.9% during the fourth quarter. Signaturefd LLC now owns 2,614 shares of the company's stock worth $63,000 after buying an additional 2,427 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Envista by 33.9% during the third quarter. Covestor Ltd now owns 2,462 shares of the company's stock worth $69,000 after buying an additional 624 shares in the last quarter.

Envista Trading Down 3.1 %

Shares of Envista stock traded down $0.60 on Friday, hitting $18.53. 1,134,541 shares of the company's stock traded hands, compared to its average volume of 1,971,207. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -25.74, a price-to-earnings-growth ratio of 15.24 and a beta of 1.35. The company has a fifty day moving average of $20.24 and a two-hundred day moving average of $22.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.27 and a quick ratio of 1.93. Envista Holdings Co. has a one year low of $18.09 and a one year high of $36.14.

Envista (NYSE:NVST - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $623.60 million for the quarter, compared to analyst estimates of $634.85 million. Envista had a positive return on equity of 5.84% and a negative net margin of 4.70%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. As a group, sell-side analysts expect that Envista Holdings Co. will post 1.26 earnings per share for the current year.

Wall Street Analyst Weigh In

NVST has been the topic of a number of research reports. SVB Leerink initiated coverage on Envista in a research report on Monday, February 26th. They set an "underperform" rating and a $19.00 price objective on the stock. TheStreet lowered shares of Envista from a "c" rating to a "d+" rating in a report on Wednesday, February 7th. Leerink Partnrs reissued an "underperform" rating on shares of Envista in a report 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. Finally, Morgan Stanley cut shares of Envista from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $33.00 to $21.00 in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Envista has a consensus rating of "Hold" and a consensus price target of $25.86.

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.