ING Groep NV Purchases New Holdings in Envista Holdings Co. (NYSE:NVST)

ING Groep NV bought a new position in Envista Holdings Co. (NYSE:NVST - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 264,030 shares of the company's stock, valued at approximately $6,353,000. ING Groep NV owned 0.15% of Envista at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake 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 worth $452,302,000 after purchasing an additional 62,463 shares during the last quarter. Ariel Investments LLC lifted its stake 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 worth $148,756,000 after purchasing an additional 218,461 shares during the last quarter. Nuance Investments LLC lifted its stake in shares of Envista by 953.8% during the 4th quarter. Nuance Investments LLC now owns 3,931,054 shares of the company's stock worth $94,581,000 after purchasing an additional 3,558,031 shares during the last quarter. River Road Asset Management LLC purchased a new stake in shares of Envista during the 4th quarter worth $54,931,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Envista by 9.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,126,535 shares of the company's stock worth $51,164,000 after purchasing an additional 190,572 shares during the last quarter.

Envista Stock Performance

Shares of NVST stock traded down $0.26 during mid-day trading on Monday, reaching $18.27. The stock had a trading volume of 1,689,558 shares, compared to its average volume of 2,273,493. The business's fifty day moving average is $20.17 and its 200-day moving average is $22.12. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.34. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -25.38, a PEG ratio of 14.77 and a beta of 1.35. Envista Holdings Co. has a 1-year low of $18.09 and a 1-year high of $36.14.

Envista (NYSE:NVST - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.05). Envista had a positive return on equity of 5.84% and a negative net margin of 4.70%. The company had revenue of $623.60 million during the quarter, compared to analysts' expectations of $634.85 million. During the same quarter in the previous year, the company earned $0.38 EPS. The firm's quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that Envista Holdings Co. will post 1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVST. JPMorgan Chase & Co. reduced their target price on Envista from $29.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, May 2nd. SVB Leerink began coverage on Envista in a research report on Monday, February 26th. They set an "underperform" rating and a $19.00 target price on the stock. Morgan Stanley lowered Envista from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $33.00 to $21.00 in a research report on Friday, April 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of Envista in a research report on Thursday, May 2nd. Finally, The Goldman Sachs Group reduced their target price on Envista from $20.00 to $17.50 and set a "sell" rating on the stock in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Envista presently has a consensus rating of "Hold" and an average target price 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.