Hantz Financial Services Inc. Invests $1.14 Million in Envista Holdings Co. (NYSE:NVST)

Hantz Financial Services Inc. bought a new position in Envista Holdings Co. (NYSE:NVST) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 68,821 shares of the company’s stock, valued at approximately $1,144,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in shares of Envista by 1,420.3% in the 2nd quarter. Versant Capital Management Inc now owns 3,147 shares of the company’s stock worth $52,000 after purchasing an additional 2,940 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Envista by 538.0% in the 4th quarter. Quadrant Capital Group LLC now owns 3,209 shares of the company’s stock worth $77,000 after purchasing an additional 2,706 shares during the period. Innealta Capital LLC bought a new stake in shares of Envista during the 2nd quarter worth approximately $78,000. Summit Securities Group LLC bought a new stake in shares of Envista during the 2nd quarter worth approximately $85,000. Finally, Signaturefd LLC lifted its stake in shares of Envista by 85.9% during the 2nd quarter. Signaturefd LLC now owns 5,345 shares of the company’s stock worth $89,000 after acquiring an additional 2,470 shares during the last quarter.

Insider Transactions at Envista

In related news, CFO Eric D. Hammes purchased 24,532 shares of Envista stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of $16.33 per share, with a total value of $400,607.56. Following the transaction, the chief financial officer now owns 24,532 shares in the company, valued at approximately $400,607.56. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Envista Price Performance

NVST opened at $18.26 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.22 and a quick ratio of 1.90. Envista Holdings Co. has a 12 month low of $15.15 and a 12 month high of $33.01. The stock has a fifty day moving average price of $16.84 and a 200-day moving average price of $18.87.

Envista (NYSE:NVST) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.16). The company had revenue of $633.10 million during the quarter, compared to the consensus estimate of $646.88 million. Envista had a positive return on equity of 4.86% and a negative net margin of 52.25%. The company’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, equities research analysts expect that Envista Holdings Co. will post 0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NVST. JPMorgan Chase & Co. lowered Envista from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $16.00 in a research note on Thursday, August 8th. Stifel Nicolaus decreased their price target on Envista from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Needham & Company LLC reissued a “hold” rating on shares of Envista in a research note on Thursday, August 8th. Evercore ISI decreased their price target on Envista from $19.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Bank of America decreased their price target on Envista from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Envista presently has an average rating of “Hold” and a consensus target price of $19.14.

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.