Cwm LLC Sells 615 Shares of Envista Holdings Co. (NYSE:NVST)

Cwm LLC lessened its position in Envista Holdings Co. (NYSE:NVST) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,284 shares of the company’s stock after selling 615 shares during the period. Cwm LLC’s holdings in Envista were worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NVST. William Blair Investment Management LLC increased its position 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 valued at $300,000 after buying an additional 538 shares during the period. GAMMA Investing LLC raised its position in shares of Envista by 69.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $35,000 after purchasing an additional 726 shares during the last quarter. Victory Capital Management Inc. grew 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 valued at $599,000 after purchasing an additional 800 shares during the last quarter. State of Michigan Retirement System raised its holdings in Envista by 2.4% in the first quarter. State of Michigan Retirement System now owns 42,163 shares of the company’s stock worth $901,000 after buying an additional 1,000 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Envista by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 48,111 shares of the company’s stock worth $800,000 after buying an additional 1,006 shares during the last quarter.

Analyst Ratings Changes

NVST has been the topic of a number of research analyst reports. Bank of America lowered their price objective on shares of Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Envista from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $16.00 in a research report on Thursday, August 8th. Piper Sandler lowered their price objective on Envista from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Envista in a research report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.63.

Insider Buying and Selling at Envista

In other Envista news, CFO Eric D. Hammes acquired 24,532 shares of the business’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of $16.33 per share, with a total value of $400,607.56. Following the transaction, the chief financial officer now directly owns 24,532 shares of the company’s stock, valued at $400,607.56. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Envista Trading Down 1.6 %

Shares of NVST stock opened at $18.57 on Tuesday. The company has a market cap of $3.19 billion, a PE ratio of -25.79 and a beta of 1.32. 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’s 50 day simple moving average is $18.37 and its two-hundred day simple moving average is $18.09. Envista Holdings Co. has a 1 year low of $15.15 and a 1 year high of $25.64.

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). Envista had a positive return on equity of 4.86% and a negative net margin of 52.25%. The company had revenue of $633.10 million during the quarter, compared to the consensus estimate of $646.88 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. Research analysts predict that Envista Holdings Co. will post 0.69 earnings per share for the current year.

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.