Envista Holdings Co. (NYSE:NVST) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its stake in shares of Envista Holdings Co. (NYSE:NVST) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 633,607 shares of the company’s stock after selling 3,020 shares during the period. Leeward Investments LLC MA owned 0.37% of Envista worth $13,547,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NVST. Corbyn Investment Management Inc. MD boosted its stake in Envista by 0.6% during the 4th quarter. Corbyn Investment Management Inc. MD now owns 73,899 shares of the company’s stock worth $1,778,000 after purchasing an additional 462 shares during the last quarter. Wedge Capital Management L L P NC grew its position in shares of Envista by 0.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 102,309 shares of the company’s stock valued at $2,462,000 after purchasing an additional 569 shares in the last quarter. Securian Asset Management Inc. lifted its position in Envista by 4.3% during the fourth quarter. Securian Asset Management Inc. now owns 14,465 shares of the company’s stock worth $348,000 after buying an additional 590 shares in the last quarter. Fifth Third Bancorp boosted its stake in Envista by 98.1% during the fourth quarter. Fifth Third Bancorp now owns 1,254 shares of the company’s stock worth $30,000 after buying an additional 621 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of Envista by 0.3% in the 4th quarter. American International Group Inc. now owns 231,461 shares of the company’s stock worth $5,569,000 after acquiring an additional 650 shares during the last quarter.

Envista Price Performance

Shares of Envista stock traded down $0.05 on Thursday, hitting $16.29. The company’s stock had a trading volume of 1,349,025 shares, compared to its average volume of 2,649,568. The company has a market capitalization of $2.80 billion, a P/E ratio of -22.62, a price-to-earnings-growth ratio of 13.57 and a beta of 1.31. Envista Holdings Co. has a 52-week low of $15.92 and a 52-week high of $36.14. The firm has a fifty day moving average price of $18.17 and a 200-day moving average price of $20.88. The company has a quick ratio of 1.93, a current ratio of 2.27 and a debt-to-equity ratio of 0.34.

Envista (NYSE:NVST) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $623.60 million during the quarter, compared to analysts’ expectations of $634.85 million. Envista had a negative net margin of 4.70% and a positive return on equity of 5.84%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, equities research analysts expect that Envista Holdings Co. will post 1.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Robert W. Baird reduced their target price on Envista from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Envista from $29.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Evercore ISI decreased their target price on Envista from $24.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Morgan Stanley downgraded shares of Envista from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $33.00 to $21.00 in a research note on Friday, April 26th. Finally, The Goldman Sachs Group reduced their price target on Envista from $20.00 to $17.50 and set a “sell” rating on the stock in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Envista has an average rating of “Hold” and an average target price of $24.86.

Envista 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.