Hantz Financial Services Inc. Trims Stake in Envista Holdings Co. (NYSE:NVST)

Hantz Financial Services Inc. decreased its position in Envista Holdings Co. (NYSE:NVST) by 34.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,810 shares of the company’s stock after selling 24,011 shares during the period. Hantz Financial Services Inc.’s holdings in Envista were worth $885,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Envista during the 3rd quarter valued at approximately $31,000. GAMMA Investing LLC increased its holdings 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. Huntington National Bank raised its position in Envista by 97.8% in the third quarter. Huntington National Bank now owns 1,919 shares of the company’s stock valued at $38,000 after purchasing an additional 949 shares during the period. Blue Trust Inc. lifted its stake in Envista by 69.7% during the third quarter. Blue Trust Inc. now owns 1,957 shares of the company’s stock worth $39,000 after purchasing an additional 804 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Envista by 50.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock worth $43,000 after buying an additional 728 shares during the period.

Envista Trading Down 0.2 %

NYSE NVST opened at $22.29 on Monday. Envista Holdings Co. has a 12 month low of $15.15 and a 12 month high of $25.64. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of -2.87, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.77. The firm’s fifty day moving average price is $19.79 and its 200 day moving average price is $18.28.

Envista (NYSE:NVST) last issued its quarterly earnings data 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. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The company had revenue of $601.00 million for the quarter, compared to analyst estimates of $590.34 million. During the same quarter last year, the company posted $0.43 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts expect that Envista Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NVST shares. Leerink Partners upgraded Envista from an “underperform” rating to a “market perform” rating and raised their target price for the company from $16.00 to $23.00 in a report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Envista in a research note on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Envista from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $16.00 in a research note on Thursday, August 8th. Leerink Partnrs raised shares of Envista from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Bank of America reduced their price objective on Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.71.

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.