Xponance Inc. Has $309,000 Stake in Envista Holdings Co. (NYSE:NVST)

Xponance Inc. trimmed its position in shares of Envista Holdings Co. (NYSE:NVST) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,589 shares of the company’s stock after selling 1,474 shares during the period. Xponance Inc.’s holdings in Envista were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Tweedy Browne Co LLC acquired a new position in Envista during the first quarter worth $21,053,000. SG Americas Securities LLC increased its holdings in 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 buying an additional 140,235 shares during the last quarter. M&G Plc increased its holdings in shares of Envista by 12.5% in the second quarter. M&G Plc now owns 306,253 shares of the company’s stock valued at $5,206,000 after purchasing an additional 33,923 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Envista in the first quarter valued at $1,903,000. Finally, Vanguard Group Inc. increased its holdings in shares of Envista by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 17,167,767 shares of the company’s stock valued at $413,056,000 after purchasing an additional 944,596 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVST. Robert W. Baird decreased their price objective on shares of Envista from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Evercore ISI upped their price objective on shares of Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Bank of America decreased their price objective on shares of Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Piper Sandler decreased their price objective on shares of Envista from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Finally, Stifel Nicolaus decreased their price objective on shares of Envista from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.59.

Envista Trading Down 2.1 %

NVST opened at $19.34 on Wednesday. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $27.86. The company has a 50-day simple moving average of $17.80 and a 200 day simple moving average of $18.36. The company has a quick ratio of 1.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of -26.86 and a beta of 1.31.

Envista (NYSE:NVST) last posted its quarterly earnings data 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). Envista had a positive return on equity of 4.86% and a negative net margin of 52.25%. The firm had revenue of $633.10 million for the quarter, compared to the consensus estimate of $646.88 million. During the same period in the prior year, the company earned $0.43 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts predict that Envista Holdings Co. will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Eric D. Hammes acquired 24,532 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $16.33 per share, with a total value of $400,607.56. Following the completion of the transaction, the chief financial officer now directly owns 24,532 shares of the company’s stock, valued at approximately $400,607.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Envista 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.