Nuance Investments LLC Grows Stock Holdings in Envista Holdings Co. (NYSE:NVST)

Nuance Investments LLC increased its stake in shares of Envista Holdings Co. (NYSE:NVST) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,346,534 shares of the company’s stock after buying an additional 308,221 shares during the quarter. Envista accounts for about 4.9% of Nuance Investments LLC’s investment portfolio, making the stock its 6th largest position. Nuance Investments LLC owned 4.27% of Envista worth $145,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in 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 during the last quarter. Allspring Global Investments Holdings LLC grew its position in Envista by 50.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock worth $43,000 after acquiring an additional 728 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 worth $599,000 after acquiring an additional 800 shares during the last quarter. Blue Trust Inc. increased its holdings in Envista by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 1,957 shares of the company’s stock valued at $39,000 after purchasing an additional 804 shares in the last quarter. Finally, Huntington National Bank raised its position in Envista by 97.8% in the 3rd quarter. Huntington National Bank now owns 1,919 shares of the company’s stock valued at $38,000 after purchasing an additional 949 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on NVST shares. Robert W. Baird increased their price objective on shares of Envista from $17.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Leerink Partnrs raised shares of Envista from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a report on Thursday, October 31st. Evercore ISI lifted their target price on Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Leerink Partners raised Envista from an “underperform” rating to a “market perform” rating and upped their price target for the company from $16.00 to $23.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.71.

Envista Price Performance

Shares of NVST opened at $20.26 on Wednesday. The stock has a market cap of $3.49 billion, a P/E ratio of -2.61, a price-to-earnings-growth ratio of 2.86 and a beta of 1.30. Envista Holdings Co. has a 1 year low of $15.15 and a 1 year high of $25.64. The stock’s 50-day moving average price is $19.33 and its two-hundred day moving average price is $18.12. The company has a current ratio of 2.08, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42.

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