Homestead Advisers Corp Raises Stock Holdings in Envista Holdings Co. (NYSE:NVST)

Homestead Advisers Corp raised its holdings in Envista Holdings Co. (NYSE:NVST) by 20.2% in the fourth quarter, Holdings Channel reports. The firm owned 218,300 shares of the company’s stock after purchasing an additional 36,700 shares during the period. Homestead Advisers Corp’s holdings in Envista were worth $4,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Envista in the 4th quarter worth about $86,000. KLP Kapitalforvaltning AS bought a new stake in Envista in the fourth quarter worth about $691,000. Teacher Retirement System of Texas purchased a new position in Envista in the fourth quarter valued at about $1,138,000. Chesapeake Capital Corp IL bought a new position in shares of Envista during the 4th quarter valued at approximately $216,000. Finally, Xponance Inc. increased its stake in shares of Envista by 5.8% during the 4th quarter. Xponance Inc. now owns 19,726 shares of the company’s stock worth $381,000 after purchasing an additional 1,077 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. New Street Research set a $19.00 price objective on Envista in a report on Thursday, March 6th. Piper Sandler upped their price target on Envista from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company set a $19.00 price objective on Envista in a report on Saturday, March 8th. Jefferies Financial Group upped their price objective on shares of Envista from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Envista from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.18.

Envista Stock Performance

NYSE NVST opened at $17.55 on Thursday. The company’s 50 day simple moving average is $19.67 and its two-hundred day simple moving average is $19.59. The stock has a market capitalization of $3.02 billion, a PE ratio of -2.70, a P/E/G ratio of 1.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.04 and a quick ratio of 1.76. Envista Holdings Co. has a 1 year low of $15.15 and a 1 year high of $23.00.

Envista (NYSE:NVST) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. Analysts predict that Envista Holdings Co. will post 1 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.