Shapiro Capital Management LLC Has $25.86 Million Stock Holdings in Envista Holdings Co. (NYSE:NVST)

Shapiro Capital Management LLC decreased its position in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NVST. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Envista during the 4th quarter worth approximately $53,000. Profit Investment Management LLC lifted its position in shares of Envista by 6.0% during the 4th quarter. Profit Investment Management LLC now owns 127,597 shares of the company's stock worth $2,461,000 after buying an additional 7,226 shares in the last quarter. Hedges Asset Management LLC lifted its position in shares of Envista by 13.9% during the 4th quarter. Hedges Asset Management LLC now owns 53,300 shares of the company's stock worth $1,028,000 after buying an additional 6,500 shares in the last quarter. KBC Group NV lifted its position in shares of Envista by 63.9% during the 4th quarter. KBC Group NV now owns 7,903 shares of the company's stock worth $152,000 after buying an additional 3,082 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Envista by 146.6% during the 4th quarter. Hantz Financial Services Inc. now owns 110,489 shares of the company's stock worth $2,131,000 after buying an additional 65,679 shares in the last quarter.

Wall Street Analysts Forecast Growth

NVST has been the topic of a number of research reports. New Street Research set a $19.00 price target on shares of Envista in a report on Thursday, March 6th. Bank of America lowered their price target on shares of Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Robert W. Baird set a $21.00 price target on shares of Envista in a report on Friday, May 2nd. Piper Sandler lowered their price target on shares of Envista from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Envista from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.08.

Envista Price Performance

Shares of NYSE:NVST opened at $18.09 on Friday. Envista Holdings Co. has a fifty-two week low of $14.22 and a fifty-two week high of $23.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.76 and a current ratio of 2.04. The firm has a fifty day moving average price of $16.50 and a 200 day moving average price of $18.98. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of -2.79, a P/E/G ratio of 1.27 and a beta of 0.97.

Envista (NYSE:NVST - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $616.90 million during the quarter, compared to analyst estimates of $608.17 million. Envista had a negative net margin of 44.56% and a positive return on equity of 3.86%. Envista's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. As a group, sell-side analysts expect that Envista Holdings Co. will post 1 earnings per share for the current fiscal year.

Envista 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.