Mutual of America Capital Management LLC Purchases 1,967 Shares of Envista Holdings Co. (NYSE:NVST)

Mutual of America Capital Management LLC increased its position in Envista Holdings Co. (NYSE:NVSTFree Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,022 shares of the company’s stock after purchasing an additional 1,967 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.11% of Envista worth $4,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headinvest LLC purchased a new stake in Envista during the third quarter worth $28,000. Fifth Third Bancorp lifted its holdings in Envista by 98.1% during the fourth quarter. Fifth Third Bancorp now owns 1,254 shares of the company’s stock worth $30,000 after buying an additional 621 shares during the period. Signaturefd LLC lifted its holdings in Envista by 1,297.9% during the fourth quarter. Signaturefd LLC now owns 2,614 shares of the company’s stock worth $63,000 after buying an additional 2,427 shares during the period. Quadrant Capital Group LLC lifted its holdings in Envista by 538.0% during the fourth quarter. Quadrant Capital Group LLC now owns 3,209 shares of the company’s stock worth $77,000 after buying an additional 2,706 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Envista by 15.4% during the fourth quarter. Van ECK Associates Corp now owns 5,646 shares of the company’s stock worth $136,000 after buying an additional 755 shares during the period.

Envista Price Performance

NYSE NVST opened at $15.85 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.27 and a quick ratio of 1.93. The stock’s fifty day moving average price is $17.86 and its 200 day moving average price is $20.64. Envista Holdings Co. has a 1 year low of $15.69 and a 1 year high of $36.14. The company has a market cap of $2.72 billion, a price-to-earnings ratio of -22.01, a PEG ratio of 13.63 and a beta of 1.31.

Envista (NYSE:NVSTGet Free Report) last released its earnings results 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 negative net margin of 4.70% and a positive return on equity of 5.84%. The firm had revenue of $623.60 million during the quarter, compared to analyst estimates of $634.85 million. During the same period in the previous year, the company earned $0.38 earnings per share. Envista’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Envista Holdings Co. will post 1.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley lowered Envista from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $33.00 to $21.00 in a report on Friday, April 26th. JPMorgan Chase & Co. lowered their target price on Envista from $29.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Evercore ISI lowered their target price on Envista from $24.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Robert W. Baird decreased their price objective on Envista from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Envista in a report on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Envista has an average rating of “Hold” and an average target price of $24.86.

Check Out Our Latest Stock Analysis on NVST

About Envista

(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.

Further Reading

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Institutional Ownership by Quarter for Envista (NYSE:NVST)

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