Envista Holdings Co. (NYSE:NVST) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Envista Holdings Co. (NYSE:NVST) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,829 shares of the company’s stock after selling 4,193 shares during the quarter. Mutual of America Capital Management LLC owned 0.11% of Envista worth $3,190,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Alberta Investment Management Corp boosted its stake in shares of Envista by 41.7% in the fourth quarter. Alberta Investment Management Corp now owns 294,417 shares of the company’s stock valued at $7,084,000 after purchasing an additional 86,700 shares during the period. Tweedy Browne Co LLC acquired a new stake in Envista during the 1st quarter worth approximately $21,053,000. SG Americas Securities LLC lifted its holdings in shares of Envista by 3,271.2% during the first quarter. SG Americas Securities LLC now owns 144,522 shares of the company’s stock worth $3,090,000 after purchasing an additional 140,235 shares during the period. M&G Plc raised its position in Envista by 12.5% during the 2nd quarter. M&G Plc now owns 306,253 shares of the company’s stock worth $5,206,000 after buying an additional 33,923 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Envista in the 4th quarter worth $42,874,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on NVST shares. JPMorgan Chase & Co. cut 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 report on Thursday, August 8th. Piper Sandler reduced their price target on Envista from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Evercore ISI upped their price target on shares of Envista from $18.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday. Robert W. Baird reduced their price objective on shares of Envista from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, Stifel Nicolaus lowered their target price on shares of Envista from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Envista has an average rating of “Hold” and a consensus target price of $19.59.

Envista Price Performance

Envista stock opened at $19.04 on Tuesday. The firm’s 50-day moving average is $17.49 and its two-hundred day moving average is $18.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.22 and a quick ratio of 1.90. The stock has a market capitalization of $3.27 billion, a P/E ratio of -26.44 and a beta of 1.31. Envista Holdings Co. has a 12-month low of $15.15 and a 12-month high of $28.67.

Envista (NYSE:NVST) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The business had revenue of $633.10 million during 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%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Equities analysts predict that Envista Holdings Co. will post 0.69 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Eric D. Hammes purchased 24,532 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of $16.33 per share, for a total transaction of $400,607.56. Following the acquisition, the chief financial officer now directly owns 24,532 shares in the company, valued at $400,607.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently 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.