Yousif Capital Management LLC Has $1.05 Million Stock Position in Envista Holdings Corporation (NYSE:NVST)

Yousif Capital Management LLC reduced its holdings in Envista Holdings Corporation (NYSE:NVST) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,536 shares of the company’s stock after selling 1,779 shares during the quarter. Yousif Capital Management LLC’s holdings in Envista were worth $1,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Treasurer of the State of North Carolina raised its position in shares of Envista by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 75,560 shares of the company’s stock valued at $1,458,000 after acquiring an additional 480 shares during the last quarter. Amalgamated Bank increased its holdings in Envista by 0.7% during the 4th quarter. Amalgamated Bank now owns 80,380 shares of the company’s stock worth $1,551,000 after purchasing an additional 523 shares in the last quarter. M&T Bank Corp increased its holdings in Envista by 4.2% during the 4th quarter. M&T Bank Corp now owns 16,621 shares of the company’s stock worth $320,000 after purchasing an additional 676 shares in the last quarter. Assetmark Inc. increased its holdings in Envista by 2.5% during the 4th quarter. Assetmark Inc. now owns 39,624 shares of the company’s stock worth $764,000 after purchasing an additional 983 shares in the last quarter. Finally, Xponance Inc. boosted its stake in shares of Envista by 5.8% during the 4th quarter. Xponance Inc. now owns 19,726 shares of the company’s stock worth $381,000 after buying an additional 1,077 shares during the last quarter.

Envista Stock Performance

Shares of NVST stock opened at $18.62 on Thursday. The stock has a market capitalization of $3.16 billion, a P/E ratio of -2.85, a PEG ratio of 1.17 and a beta of 0.99. The company has a current ratio of 2.12, a quick ratio of 1.82 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $17.26 and its 200 day moving average is $18.52. Envista Holdings Corporation has a 12 month low of $14.22 and a 12 month high of $23.00.

Envista (NYSE:NVST) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. Envista had a negative net margin of 44.90% and a positive return on equity of 4.07%. The business had revenue of $616.90 million for the quarter, compared to analysts’ expectations of $608.17 million. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Envista Holdings Corporation will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NVST shares. UBS Group cut their target price on shares of Envista from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Wells Fargo & Company set a $19.00 target price on shares of Envista in a report on Saturday, March 8th. JPMorgan Chase & Co. decreased their price objective on shares of Envista from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Baird R W raised shares of Envista from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 27th. Finally, Morgan Stanley set a $16.00 price objective on shares of Envista in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.23.

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.