Envista Holdings Co. (NYSE:NVST) Shares Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC boosted its position in shares of Envista Holdings Co. (NYSE:NVST) by 18.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,302 shares of the company’s stock after purchasing an additional 10,161 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Envista were worth $1,310,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Envista by 69.8% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $35,000 after acquiring an additional 726 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Envista by 50.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock worth $43,000 after purchasing an additional 728 shares during the period. Victory Capital Management Inc. boosted its stake in Envista by 2.3% in the 2nd quarter. Victory Capital Management Inc. now owns 36,021 shares of the company’s stock worth $599,000 after buying an additional 800 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Envista by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 1,957 shares of the company’s stock valued at $39,000 after acquiring an additional 804 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Envista by 97.8% in the third quarter. Huntington National Bank now owns 1,919 shares of the company’s stock valued at $38,000 after purchasing an additional 949 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NVST. Leerink Partnrs upgraded shares of Envista from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Company initiated coverage on Envista in a research note on Tuesday, October 8th. They set an “equal weight” rating and a $20.00 price target for the company. Robert W. Baird lifted their price objective on Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Leerink Partners raised shares of Envista from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $16.00 to $23.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered shares of Envista from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $16.00 in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.71.

Envista Stock Performance

Shares of Envista stock opened at $22.33 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.08. Envista Holdings Co. has a 1 year low of $15.15 and a 1 year high of $25.64. The firm’s 50-day simple moving average is $19.73 and its 200-day simple moving average is $18.27.

Envista (NYSE:NVST) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The business had revenue of $601.00 million during the quarter, compared to the consensus estimate of $590.34 million. During the same period in the previous year, the business earned $0.43 EPS. The business’s quarterly revenue was down 4.8% on a year-over-year basis. Equities research analysts forecast that Envista Holdings Co. will post 0.72 earnings per share for the current 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.