Envista Holdings Co. (NYSE:NVST) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in Envista Holdings Co. (NYSE:NVST) by 40.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,995 shares of the company’s stock after purchasing an additional 10,883 shares during the quarter. Cerity Partners LLC’s holdings in Envista were worth $751,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Envista by 69.8% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $35,000 after buying an additional 726 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Envista by 50.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock valued at $43,000 after purchasing an additional 728 shares in the last quarter. Victory Capital Management Inc. increased its position in Envista by 2.3% during the 2nd quarter. Victory Capital Management Inc. now owns 36,021 shares of the company’s stock worth $599,000 after purchasing an additional 800 shares during the period. Blue Trust Inc. raised its stake in shares of Envista by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 1,957 shares of the company’s stock worth $39,000 after buying an additional 804 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Envista by 97.8% during the 3rd quarter. Huntington National Bank now owns 1,919 shares of the company’s stock worth $38,000 after purchasing an additional 949 shares during the period.

Envista Price Performance

Shares of NYSE NVST opened at $20.08 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. Envista Holdings Co. has a fifty-two week low of $15.15 and a fifty-two week high of $25.64. The business has a 50 day moving average price of $19.98 and a two-hundred day moving average price of $18.36. The firm has a market cap of $3.46 billion, a PE ratio of -2.58, a price-to-earnings-growth ratio of 3.06 and a beta of 1.31.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The business had revenue of $601.00 million during the quarter, compared to the consensus estimate of $590.34 million. During the same period last year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts expect that Envista Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NVST shares. Wells Fargo & Company assumed coverage on Envista in a report on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price target on the stock. Mizuho assumed coverage on shares of Envista in a research note on Wednesday. They set an “underperform” rating and a $20.00 price objective on the stock. Robert W. Baird upped their target price on Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. 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. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Envista currently has an average rating of “Hold” and an average target price of $20.65.

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.