Highland Capital Management LLC lessened its stake in shares of Envista Holdings Co. (NYSE:NVST – Free Report) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,674 shares of the company’s stock after selling 606 shares during the quarter. Highland Capital Management LLC owned 0.06% of Envista worth $3,829,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc lifted its position in shares of Envista by 705.4% during the 1st quarter. IFP Advisors Inc now owns 1,047 shares of the company’s stock worth $29,000 after buying an additional 917 shares during the period. Fifth Third Bancorp raised its position in Envista by 225.8% in the 1st quarter. Fifth Third Bancorp now owns 834 shares of the company’s stock valued at $34,000 after purchasing an additional 578 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Envista in the 2nd quarter valued at $35,000. Covestor Ltd raised its position in Envista by 35.0% in the 1st quarter. Covestor Ltd now owns 1,273 shares of the company’s stock valued at $62,000 after purchasing an additional 330 shares during the last quarter. Finally, State of Wyoming raised its position in Envista by 26.8% in the 4th quarter. State of Wyoming now owns 3,205 shares of the company’s stock valued at $108,000 after purchasing an additional 677 shares during the last quarter.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on NVST shares. TheStreet downgraded Envista from a “b” rating to a “c+” rating in a research report on Friday, June 9th. Bank of America cut their price objective on Envista from $47.00 to $45.00 in a research report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

Envista Trading Down 0.1 %

Shares of NVST stock traded down $0.03 on Tuesday, reaching $33.06. 82,860 shares of the stock were exchanged, compared to its average volume of 2,073,040. The stock has a market cap of $5.42 billion, a PE ratio of 26.90, a P/E/G ratio of 1.87 and a beta of 1.41. Envista Holdings Co. has a one year low of $31.20 and a one year high of $43.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.29 and a quick ratio of 1.04. The stock has a 50 day moving average price of $33.90 and a 200 day moving average price of $36.05.

Envista (NYSE:NVST – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $662.40 million during the quarter, compared to the consensus estimate of $655.81 million. Envista had a return on equity of 7.60% and a net margin of 8.40%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. Equities research analysts forecast that Envista Holdings Co. will post 1.86 EPS for the current fiscal year.

About Envista

(Free Report)

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 brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.

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