Envista Holdings Co. (NYSE:NVST) Shares Acquired by State of Michigan Retirement System

State of Michigan Retirement System lifted its holdings in shares of Envista Holdings Co. (NYSE:NVSTFree Report) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,163 shares of the company’s stock after buying an additional 1,000 shares during the period. State of Michigan Retirement System’s holdings in Envista were worth $901,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama increased its holdings in Envista by 2.0% in the fourth quarter. Retirement Systems of Alabama now owns 504,572 shares of the company’s stock valued at $12,140,000 after buying an additional 10,120 shares in the last quarter. Alberta Investment Management Corp boosted its position in Envista by 41.7% during the fourth quarter. Alberta Investment Management Corp now owns 294,417 shares of the company’s stock worth $7,084,000 after acquiring an additional 86,700 shares during the last quarter. Foundry Partners LLC acquired a new stake in Envista during the fourth quarter worth approximately $3,571,000. Raymond James & Associates boosted its position in Envista by 820.6% during the fourth quarter. Raymond James & Associates now owns 408,218 shares of the company’s stock worth $9,822,000 after acquiring an additional 363,875 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Envista in the 4th quarter valued at $42,874,000.

Analysts Set New Price Targets

NVST has been the subject of several research analyst reports. Morgan Stanley downgraded shares of Envista from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $33.00 to $21.00 in a research report on Friday, April 26th. JPMorgan Chase & Co. reduced their price target on shares of Envista from $29.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Needham & Company LLC restated a “hold” rating on shares of Envista in a research report on Monday, June 3rd. Evercore ISI decreased their price target on shares of Envista from $24.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, The Goldman Sachs Group lowered their price target on Envista from $20.00 to $17.50 and set a “sell” rating for the company in a research note on Friday, May 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.86.

Get Our Latest Research Report on Envista

Envista Stock Up 0.7 %

Shares of NVST stock opened at $16.41 on Friday. The stock has a market cap of $2.82 billion, a P/E ratio of -22.79, a price-to-earnings-growth ratio of 13.53 and a beta of 1.31. Envista Holdings Co. has a one year low of $15.92 and a one year high of $36.14. The stock has a fifty day moving average price of $18.09 and a 200 day moving average price of $20.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.27 and a quick ratio of 1.93.

Envista (NYSE:NVSTGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Envista had a positive return on equity of 5.84% and a negative net margin of 4.70%. The company had revenue of $623.60 million for the quarter, compared to analyst estimates of $634.85 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. Analysts predict that Envista Holdings Co. will post 1.2 earnings per share for the current year.

Envista Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Envista (NYSE:NVST)

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