Envista Holdings Co. (NYSE:NVST) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its position in Envista Holdings Co. (NYSE:NVST) by 17.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 76,306 shares of the company’s stock after selling 16,218 shares during the period. Wedge Capital Management L L P NC’s holdings in Envista were worth $1,269,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NVST. Vanguard Group Inc. raised its position in Envista by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 17,167,767 shares of the company’s stock worth $413,056,000 after acquiring an additional 944,596 shares in the last quarter. Ariel Investments LLC grew its stake in shares of Envista by 25.3% during the 1st quarter. Ariel Investments LLC now owns 8,892,200 shares of the company’s stock worth $190,115,000 after purchasing an additional 1,795,258 shares during the period. Franklin Resources Inc. increased its holdings in shares of Envista by 65.3% in the 4th quarter. Franklin Resources Inc. now owns 5,262,092 shares of the company’s stock valued at $126,606,000 after purchasing an additional 2,077,786 shares in the last quarter. Nuance Investments LLC lifted its stake in shares of Envista by 21.6% in the first quarter. Nuance Investments LLC now owns 4,781,320 shares of the company’s stock valued at $102,224,000 after purchasing an additional 850,266 shares during the period. Finally, Swedbank AB purchased a new stake in Envista during the first quarter worth about $53,412,000.

Insiders Place Their Bets

In other Envista news, CFO Eric D. Hammes purchased 24,532 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $16.33 per share, with a total value of $400,607.56. Following the purchase, the chief financial officer now owns 24,532 shares in the company, valued at $400,607.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

NVST has been the subject of a number of research analyst reports. Piper Sandler dropped their target price on shares of Envista from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Bank of America reduced their price objective on Envista from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group decreased their target price on Envista from $20.00 to $17.50 and set a “sell” rating on the stock in a research report on Friday, May 3rd. Morgan Stanley cut Envista from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $33.00 to $21.00 in a research report on Friday, April 26th. Finally, Stifel Nicolaus lowered their price objective on shares of Envista from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.14.

Envista Trading Down 0.5 %

NYSE:NVST traded down $0.09 on Friday, reaching $17.94. The stock had a trading volume of 113,213 shares, compared to its average volume of 2,473,271. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -25.04, a P/E/G ratio of 14.74 and a beta of 1.31. Envista Holdings Co. has a 12-month low of $15.15 and a 12-month high of $33.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.27 and a quick ratio of 1.93. The firm’s fifty day moving average is $16.71 and its two-hundred day moving average is $19.29.

Envista (NYSE:NVST) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). The firm had revenue of $633.10 million for the quarter, compared to analysts’ expectations of $646.88 million. Envista had a negative net margin of 4.70% and a positive return on equity of 5.84%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Equities analysts expect that Envista Holdings Co. will post 1.15 EPS for the current fiscal 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.