Shapiro Capital Management LLC decreased its stake in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 35.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,340,700 shares of the company's stock after selling 735,400 shares during the quarter. Shapiro Capital Management LLC owned about 0.78% of Envista worth $25,862,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. lifted its position in Envista by 27.9% during the fourth quarter. Polar Asset Management Partners Inc. now owns 1,914,799 shares of the company's stock valued at $36,936,000 after purchasing an additional 417,549 shares during the period. Quantinno Capital Management LP increased its holdings in Envista by 54.2% in the 4th quarter. Quantinno Capital Management LP now owns 86,056 shares of the company's stock worth $1,660,000 after acquiring an additional 30,264 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Envista during the 4th quarter worth about $5,037,000. Iron Triangle Partners LP raised its holdings in shares of Envista by 0.5% during the fourth quarter. Iron Triangle Partners LP now owns 2,200,000 shares of the company's stock valued at $42,438,000 after acquiring an additional 10,631 shares during the last quarter. Finally, Gates Capital Management Inc. lifted its holdings in Envista by 15.1% in the 4th quarter. Gates Capital Management Inc. now owns 4,694,148 shares of the company's stock valued at $90,550,000 after purchasing an additional 615,577 shares in the last quarter.
Envista Trading Down 5.1%
Shares of NVST stock traded down $0.90 on Wednesday, reaching $16.87. 1,254,440 shares of the stock were exchanged, compared to its average volume of 2,780,583. The firm has a 50 day moving average of $16.58 and a two-hundred day moving average of $18.93. The stock has a market cap of $2.86 billion, a P/E ratio of -2.60, a price-to-earnings-growth ratio of 1.27 and a beta of 0.97. Envista Holdings Co. has a 1-year low of $14.22 and a 1-year high of $23.00. The company has a quick ratio of 1.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.44.
Envista (NYSE:NVST - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $616.90 million during the quarter, compared to the consensus estimate of $608.17 million. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. The company's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, research analysts anticipate that Envista Holdings Co. will post 1 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NVST. Robert W. Baird set a $21.00 price objective on Envista in a research note on Friday, May 2nd. Morgan Stanley set a $16.00 price objective on Envista in a report on Tuesday, April 15th. Needham & Company LLC reiterated a "hold" rating on shares of Envista in a research note on Thursday, March 6th. New Street Research set a $19.00 target price on shares of Envista in a report on Thursday, March 6th. Finally, UBS Group decreased their price objective on Envista from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.08.
Read Our Latest Report on NVST
About Envista
(
Free Report)
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.
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