Blue Trust Inc. Buys 804 Shares of Envista Holdings Co. (NYSE:NVST)

Blue Trust Inc. boosted its stake in Envista Holdings Co. (NYSE:NVST) by 69.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,957 shares of the company’s stock after purchasing an additional 804 shares during the period. Blue Trust Inc.’s holdings in Envista were worth $39,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVST. GAMMA Investing LLC lifted its stake in Envista by 69.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $35,000 after purchasing an additional 726 shares during the last quarter. Versant Capital Management Inc increased its position in Envista by 1,420.3% in the 2nd quarter. Versant Capital Management Inc now owns 3,147 shares of the company’s stock valued at $52,000 after acquiring an additional 2,940 shares during the period. Innealta Capital LLC acquired a new position in Envista in the 2nd quarter valued at approximately $78,000. Summit Securities Group LLC acquired a new position in Envista in the 2nd quarter valued at approximately $85,000. Finally, Signaturefd LLC increased its position in Envista by 85.9% in the 2nd quarter. Signaturefd LLC now owns 5,345 shares of the company’s stock valued at $89,000 after acquiring an additional 2,470 shares during the period.

Insider Buying and Selling

In other Envista news, CFO Eric D. Hammes acquired 24,532 shares of the company’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 completion of the purchase, the chief financial officer now 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 owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Envista from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Leerink Partnrs upgraded shares of Envista from a “strong sell” rating to a “hold” rating in a research report on Thursday. Piper Sandler upped their price target on shares of Envista from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday. Leerink Partners upgraded shares of 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 report on Thursday. Finally, JPMorgan Chase & Co. cut shares of Envista from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $16.00 in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.71.

Envista Stock Down 0.1 %

Shares of NYSE NVST opened at $20.94 on Friday. The firm has a market cap of $3.60 billion, a PE ratio of -2.69 and a beta of 1.32. Envista Holdings Co. has a 12-month low of $15.15 and a 12-month high of $25.64. The company’s fifty day simple moving average is $18.64 and its 200 day simple moving average is $18.08. The company has a quick ratio of 1.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST) last issued its earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $601.00 million for the quarter, compared to analyst estimates of $590.34 million. Envista had a negative net margin of 53.42% and a positive return on equity of 3.59%. Envista’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, sell-side analysts forecast that Envista Holdings Co. will post 0.69 earnings per share 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.