Brown Brothers Harriman & Co. Increases Stock Holdings in Envista Holdings Co. (NYSE:NVST)

Brown Brothers Harriman & Co. grew its holdings in shares of Envista Holdings Co. (NYSE:NVST) by 24.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,300 shares of the company’s stock after purchasing an additional 2,800 shares during the period. Brown Brothers Harriman & Co.’s holdings in Envista were worth $238,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NVST. Versant Capital Management Inc boosted its holdings in Envista by 1,420.3% in the second quarter. Versant Capital Management Inc now owns 3,147 shares of the company’s stock valued at $52,000 after purchasing an additional 2,940 shares during the period. Quadrant Capital Group LLC raised 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 valued at $77,000 after purchasing an additional 2,706 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Envista during the second quarter worth $78,000. Summit Securities Group LLC purchased a new position in Envista in the second quarter valued at $85,000. Finally, Signaturefd LLC increased its holdings in shares of Envista by 85.9% in the 2nd quarter. Signaturefd LLC now owns 5,345 shares of the company’s stock valued at $89,000 after acquiring an additional 2,470 shares during the last quarter.

Envista Stock Up 0.9 %

Envista stock opened at $19.18 on Thursday. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of -26.64 and a beta of 1.31. The company has a current ratio of 2.22, a quick ratio of 1.90 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $17.31 and a two-hundred day moving average of $18.51. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $29.04.

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

Insider Activity

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on NVST. Evercore ISI cut their price objective on shares of Envista from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Envista from an “overweight” rating to a “neutral” rating and cut 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 objective on shares of Envista from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Robert W. Baird cut their target price on Envista from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Envista in a research report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.