Envista Holdings Co. (NYSE:NVST) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Envista Holdings Co. (NYSE:NVST) by 34.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,671 shares of the company’s stock after selling 17,220 shares during the quarter. New York State Teachers Retirement System’s holdings in Envista were worth $646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hedges Asset Management LLC lifted its position in shares of Envista by 46.3% in the third quarter. Hedges Asset Management LLC now owns 46,800 shares of the company’s stock worth $925,000 after purchasing an additional 14,800 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Envista by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 19,887 shares of the company’s stock worth $392,000 after buying an additional 1,355 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Envista by 11.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,314 shares of the company’s stock worth $303,000 after purchasing an additional 1,538 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Envista in the third quarter worth $31,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Envista by 50.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock worth $43,000 after acquiring an additional 728 shares during the last quarter.

Envista Price Performance

Envista stock opened at $20.39 on Monday. The firm has a market capitalization of $3.51 billion, a P/E ratio of -2.62, a PEG ratio of 2.87 and a beta of 1.30. The business has a 50-day moving average of $18.92 and a 200-day moving average of $18.09. The company has a current ratio of 2.08, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42. Envista Holdings Co. has a 1 year low of $15.15 and a 1 year high of $25.64.

Envista (NYSE:NVST) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $601.00 million during the quarter, compared to analysts’ expectations of $590.34 million. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. On average, equities analysts anticipate that Envista Holdings Co. will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Evercore ISI increased their price target on shares of Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a research note on Thursday, October 31st. Robert W. Baird boosted their price target 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. Bank of America decreased their target price on Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Stifel Nicolaus upped their target price on shares of Envista from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Envista presently has an average rating of “Hold” and a consensus price target of $20.71.

Envista 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.