Hudson Edge Investment Partners Inc. Boosts Position in Envista Holdings Co. (NYSE:NVST)

Hudson Edge Investment Partners Inc. increased its position in shares of Envista Holdings Co. (NYSE:NVST) by 36.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,657 shares of the company’s stock after acquiring an additional 7,338 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Envista were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Envista by 5.8% in the 4th quarter. Vanguard Group Inc. now owns 17,167,767 shares of the company’s stock valued at $413,056,000 after purchasing an additional 944,596 shares during the last quarter. Ariel Investments LLC raised its stake in shares of Envista by 25.3% in the 1st quarter. Ariel Investments LLC now owns 8,892,200 shares of the company’s stock valued at $190,115,000 after acquiring an additional 1,795,258 shares during the period. Franklin Resources Inc. lifted 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 worth $126,606,000 after acquiring an additional 2,077,786 shares during the last quarter. Nuance Investments LLC increased its holdings in Envista by 21.6% in the 1st 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 last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in Envista by 32.9% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,936,916 shares of the company’s stock valued at $48,841,000 after purchasing an additional 727,406 shares during the period.

Envista Stock Down 2.2 %

Shares of Envista stock traded down $0.39 during trading on Friday, hitting $17.44. 1,676,658 shares of the stock were exchanged, compared to its average volume of 2,488,855. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.22 and a quick ratio of 1.90. The firm’s 50-day moving average price is $16.97 and its 200 day moving average price is $18.70. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -24.22 and a beta of 1.31. Envista Holdings Co. has a 12-month low of $15.15 and a 12-month high of $31.32.

Envista (NYSE:NVST) last issued its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.16). The business had revenue of $633.10 million for the quarter, compared to analyst estimates of $646.88 million. Envista had a positive return on equity of 4.86% and a negative net margin of 52.25%. Envista’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. As a group, analysts forecast that Envista Holdings Co. will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NVST has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered Envista from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $16.00 in a research report on Thursday, August 8th. Stifel Nicolaus lowered their target price on Envista from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Evercore ISI cut their price target on shares of Envista from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Envista in a research note on Thursday, August 8th. Finally, Bank of America cut their target price on shares of Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.14.

Insider Transactions at Envista

In other news, CFO Eric D. Hammes bought 24,532 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $16.33 per share, with a total value of $400,607.56. Following the transaction, the chief financial officer now directly owns 24,532 shares in the company, valued at $400,607.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

About Envista

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.