Centerstone Investors LLC Has $1.56 Million Stake in Envista Holdings Co. (NYSE:NVST)

Centerstone Investors LLC reduced its holdings in Envista Holdings Co. (NYSE:NVST) by 13.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,089 shares of the company’s stock after selling 12,665 shares during the period. Envista makes up about 1.4% of Centerstone Investors LLC’s investment portfolio, making the stock its 22nd biggest position. Centerstone Investors LLC’s holdings in Envista were worth $1,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVST. GAMMA Investing LLC lifted its stake in shares of 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 period. Allspring Global Investments Holdings LLC increased its holdings in Envista by 50.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock valued at $43,000 after purchasing an additional 728 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Envista by 2.3% in the second quarter. Victory Capital Management Inc. now owns 36,021 shares of the company’s stock valued at $599,000 after buying an additional 800 shares during the period. Blue Trust Inc. boosted its holdings 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 buying an additional 804 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Envista by 97.8% during the 3rd quarter. Huntington National Bank now owns 1,919 shares of the company’s stock worth $38,000 after acquiring an additional 949 shares during the last quarter.

Envista Price Performance

Shares of NVST traded up $0.10 during trading hours on Thursday, hitting $20.62. 118,435 shares of the company were exchanged, compared to its average volume of 2,363,972. Envista Holdings Co. has a fifty-two week low of $15.15 and a fifty-two week high of $25.64. The firm’s fifty day moving average is $20.03 and its 200 day moving average is $18.41. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.55 billion, a price-to-earnings ratio of -2.64, a P/E/G ratio of 2.77 and a beta of 1.31.

Envista (NYSE:NVST) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $601.00 million for the quarter, compared to analyst estimates of $590.34 million. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. On average, equities analysts anticipate that Envista Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Envista from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Mizuho started coverage on shares of Envista in a research note on Wednesday, December 4th. They set an “underperform” rating and a $20.00 price target for the company. Piper Sandler lifted their price objective on shares of Envista from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Leerink Partners upgraded shares of Envista from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $16.00 to $23.00 in a report on Thursday, October 31st. Finally, Robert W. Baird lifted their price target on shares of Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.65.

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.