Edgestream Partners L.P. Purchases 127,430 Shares of Envista Holdings Co. (NYSE:NVST)

Edgestream Partners L.P. grew its position in shares of Envista Holdings Co. (NYSE:NVST) by 520.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 151,925 shares of the company’s stock after acquiring an additional 127,430 shares during the period. Edgestream Partners L.P.’s holdings in Envista were worth $3,002,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Envista by 6.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 133,887 shares of the company’s stock worth $2,863,000 after acquiring an additional 8,380 shares during the last quarter. Tidal Investments LLC grew its position in Envista by 105.1% during the 1st quarter. Tidal Investments LLC now owns 20,331 shares of the company’s stock worth $435,000 after acquiring an additional 10,420 shares during the last quarter. Versant Capital Management Inc grew its position in Envista by 1,420.3% during the 2nd quarter. Versant Capital Management Inc now owns 3,147 shares of the company’s stock worth $52,000 after acquiring an additional 2,940 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Envista by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 169,648 shares of the company’s stock worth $2,821,000 after acquiring an additional 125,861 shares during the last quarter. Finally, CWM LLC grew its position in Envista by 203.3% during the 2nd quarter. CWM LLC now owns 14,899 shares of the company’s stock worth $248,000 after acquiring an additional 9,986 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Envista from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Envista in a research report on Thursday, October 31st. Evercore ISI lifted their price objective on Envista from $18.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Leerink Partners upgraded Envista from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $16.00 to $23.00 in a research report on Thursday, October 31st. Finally, Wells Fargo & Company initiated coverage on Envista in a research report on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price objective on the stock. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.71.

Envista Trading Down 0.2 %

NVST opened at $22.29 on Monday. The stock has a market cap of $3.84 billion, a PE ratio of -2.87, a PEG ratio of 3.10 and a beta of 1.30. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $19.79 and a 200-day moving average of $18.28. Envista Holdings Co. has a 52 week low of $15.15 and a 52 week high of $25.64.

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

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.