Blue Trust Inc. Acquires 804 Shares of Envista Holdings Co. (NYSE:NVST)

Blue Trust Inc. boosted its holdings in shares of Envista Holdings Co. (NYSE:NVST) by 69.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,957 shares of the company’s stock after purchasing an additional 804 shares during the period. Blue Trust Inc.’s holdings in Envista were worth $39,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its holdings in shares of Envista by 4.0% during the first quarter. William Blair Investment Management LLC now owns 14,049 shares of the company’s stock worth $300,000 after buying an additional 538 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Envista by 69.8% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $35,000 after buying an additional 726 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Envista by 2.3% in the second quarter. Victory Capital Management Inc. now owns 36,021 shares of the company’s stock valued at $599,000 after purchasing an additional 800 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Envista by 2.4% in the first quarter. State of Michigan Retirement System now owns 42,163 shares of the company’s stock valued at $901,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Envista by 2.1% in the second quarter. Arizona State Retirement System now owns 48,111 shares of the company’s stock valued at $800,000 after purchasing an additional 1,006 shares in the last quarter.

Envista Stock Down 0.1 %

Shares of NVST stock opened at $20.94 on Friday. The firm has a market capitalization of $3.60 billion, a P/E ratio of -2.69 and a beta of 1.32. The firm’s fifty day moving average price is $18.64 and its two-hundred day moving average price is $18.08. Envista Holdings Co. has a 1 year low of $15.15 and a 1 year high of $25.64. The company has a current ratio of 2.22, a quick ratio of 1.90 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $601.00 million for the quarter, compared to analyst estimates of $590.34 million. Envista had a negative net margin of 53.42% and a positive return on equity of 3.59%. Envista’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. On average, equities analysts predict that Envista Holdings Co. will post 0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NVST shares. Leerink Partnrs raised shares of Envista from a “strong sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company assumed coverage on shares of Envista in a research note on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Evercore ISI raised their price objective on shares of Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. cut shares of Envista from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $16.00 in a research note on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.71.

Insider Activity at Envista

In related news, CFO Eric D. Hammes purchased 24,532 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $16.33 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

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.