Public Employees Retirement System of Ohio Has $2.18 Million Stock Position in Envista Holdings Co. (NYSE:NVST)

Public Employees Retirement System of Ohio lessened its position in shares of Envista Holdings Co. (NYSE:NVST) by 2.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 110,083 shares of the company’s stock after selling 2,540 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Envista worth $2,175,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of Envista by 22.6% during the second quarter. Raymond James & Associates now owns 1,032,350 shares of the company’s stock worth $17,168,000 after buying an additional 190,240 shares during the period. Van Lanschot Kempen Investment Management N.V. grew its holdings in Envista by 32.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,936,916 shares of the company’s stock worth $48,841,000 after acquiring an additional 727,406 shares during the period. Raymond James Trust N.A. raised its position in shares of Envista by 3.8% in the 2nd quarter. Raymond James Trust N.A. now owns 28,959 shares of the company’s stock worth $482,000 after acquiring an additional 1,072 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Envista by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,772,262 shares of the company’s stock valued at $29,473,000 after purchasing an additional 127,421 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of Envista during the 2nd quarter valued at about $85,000.

Envista Stock Down 1.7 %

NVST stock opened at $19.24 on Wednesday. The firm has a market capitalization of $3.31 billion, a PE ratio of -2.48, a P/E/G ratio of 2.71 and a beta of 1.31. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $25.64. The stock’s 50 day moving average is $20.12 and its 200-day moving average is $18.44.

Envista (NYSE:NVST) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $590.34 million. During the same period last year, the business earned $0.43 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Sell-side analysts expect that Envista Holdings Co. will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NVST shares. Evercore ISI lifted their target price on Envista from $18.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Mizuho started coverage on shares of Envista in a research note on Wednesday, December 4th. They issued an “underperform” rating and a $20.00 price objective for the company. Robert W. Baird boosted their target price on shares of Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company began coverage on shares of Envista in a report on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price target for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Envista in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.65.

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.