Louisiana State Employees Retirement System Makes New $1.16 Million Investment in Envista Holdings Co. (NYSE:NVST)

Louisiana State Employees Retirement System bought a new position in Envista Holdings Co. (NYSE:NVST) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 48,100 shares of the company’s stock, valued at approximately $1,157,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alliance Wealth Advisors LLC UT increased its stake in Envista by 6.3% in the third quarter. Alliance Wealth Advisors LLC UT now owns 8,295 shares of the company’s stock worth $231,000 after purchasing an additional 490 shares during the period. Fifth Third Bancorp increased its stake in Envista by 98.1% in the fourth quarter. Fifth Third Bancorp now owns 1,254 shares of the company’s stock worth $30,000 after purchasing an additional 621 shares during the period. Covestor Ltd increased its stake in shares of Envista by 33.9% during the third quarter. Covestor Ltd now owns 2,462 shares of the company’s stock valued at $69,000 after buying an additional 624 shares during the period. Arizona State Retirement System increased its stake in shares of Envista by 1.4% during the third quarter. Arizona State Retirement System now owns 46,611 shares of the company’s stock valued at $1,300,000 after buying an additional 635 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Envista by 3.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 20,459 shares of the company’s stock valued at $570,000 after buying an additional 698 shares during the period.

Envista Price Performance

Shares of NYSE NVST opened at $20.23 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.90 and a current ratio of 2.23. The company has a market cap of $3.48 billion, a PE ratio of -33.16, a P/E/G ratio of 3.73 and a beta of 1.35. The business has a 50-day simple moving average of $21.08 and a two-hundred day simple moving average of $22.79. Envista Holdings Co. has a fifty-two week low of $18.95 and a fifty-two week high of $39.28.

Envista (NYSE:NVST) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $645.60 million during the quarter, compared to analyst estimates of $638.37 million. Envista had a positive return on equity of 6.31% and a negative net margin of 3.90%. Envista’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. As a group, equities analysts expect that Envista Holdings Co. will post 1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NVST shares. Leerink Partnrs restated an “underperform” rating on shares of Envista in a research note on Monday, February 26th. SVB Leerink started coverage on Envista in a research note on Monday, February 26th. They set an “underperform” rating and a $19.00 price target on the stock. William Blair lowered Envista from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 8th. TheStreet downgraded Envista from a “c” rating to a “d+” rating in a research report on Wednesday, February 7th. Finally, UBS Group began coverage on Envista in a research report on Friday, January 5th. They set a “neutral” rating and a $26.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.60.

About Envista

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.