New Age Alpha Advisors LLC Purchases New Position in Envista Holdings Co. (NYSE:NVST)

New Age Alpha Advisors LLC acquired a new position in shares of Envista Holdings Co. (NYSE:NVST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,187 shares of the company’s stock, valued at approximately $447,000.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new position in Envista during the 4th quarter worth approximately $38,052,000. Homestead Advisers Corp grew its position in shares of Envista by 20.2% during the fourth quarter. Homestead Advisers Corp now owns 218,300 shares of the company’s stock worth $4,211,000 after acquiring an additional 36,700 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Envista in the 4th quarter valued at $86,000. KLP Kapitalforvaltning AS purchased a new stake in Envista in the 4th quarter valued at $691,000. Finally, Teacher Retirement System of Texas acquired a new stake in Envista during the 4th quarter worth $1,138,000.

Envista Trading Down 0.8 %

Shares of NVST opened at $17.13 on Wednesday. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $23.00. The company has a current ratio of 2.04, a quick ratio of 1.76 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.95 billion, a P/E ratio of -2.64, a PEG ratio of 1.27 and a beta of 1.33. The firm’s 50-day moving average is $19.47 and its two-hundred day moving average is $19.59.

Envista (NYSE:NVST) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. On average, research analysts predict that Envista Holdings Co. will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NVST. Jefferies Financial Group upped their target price on shares of Envista from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Mizuho started coverage on Envista in a research note on Wednesday, December 4th. They issued an “underperform” rating and a $20.00 target price on the stock. Morgan Stanley cut their price target on Envista from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. New Street Research set a $19.00 price objective on shares of Envista in a research report on Thursday, March 6th. Finally, Wells Fargo & Company set a $19.00 price objective on shares of Envista in a research report on Saturday, March 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.18.

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.