Louisiana State Employees Retirement System Sells 900 Shares of Envista Holdings Co. (NYSE:NVST)

Louisiana State Employees Retirement System decreased its stake in shares of Envista Holdings Co. (NYSE:NVST) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,700 shares of the company’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Envista were worth $943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. William Blair Investment Management LLC raised its position in Envista by 4.0% during the first quarter. William Blair Investment Management LLC now owns 14,049 shares of the company’s stock worth $300,000 after acquiring an additional 538 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Envista by 69.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $35,000 after purchasing an additional 726 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Envista by 50.8% in the 3rd 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 period. Victory Capital Management Inc. lifted its stake in Envista by 2.3% in the 2nd quarter. Victory Capital Management Inc. now owns 36,021 shares of the company’s stock valued at $599,000 after purchasing an additional 800 shares during the last quarter. Finally, Blue Trust Inc. grew 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 purchasing an additional 804 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI upped their price objective on Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Bank of America cut their price target on Envista from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Robert W. Baird upped their price objective on shares of Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday. Leerink Partnrs raised shares of Envista from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, Stifel Nicolaus lifted their target price on shares of Envista from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.71.

Insider Buying and Selling at Envista

In other Envista news, CFO Eric D. Hammes purchased 24,532 shares of the stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $16.33 per share, with a total value of $400,607.56. Following the acquisition, the chief financial officer now owns 24,532 shares of the company’s stock, valued at approximately $400,607.56. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Envista Stock Performance

NYSE:NVST opened at $20.94 on Monday. The company has a market cap of $3.60 billion, a price-to-earnings ratio of -2.69 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 2.08. Envista Holdings Co. has a fifty-two week low of $15.15 and a fifty-two week high of $25.64. The stock has a fifty day moving average price of $18.64 and a 200-day moving average price of $18.05.

Envista (NYSE:NVST) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $601.00 million during the quarter, compared to the consensus estimate of $590.34 million. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, equities analysts anticipate that Envista Holdings Co. will post 0.7 EPS for the current fiscal year.

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.