Hantz Financial Services Inc. Buys 65,679 Shares of Envista Holdings Co. (NYSE:NVST)

Hantz Financial Services Inc. raised its holdings in Envista Holdings Co. (NYSE:NVST) by 146.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,489 shares of the company’s stock after buying an additional 65,679 shares during the quarter. Hantz Financial Services Inc. owned about 0.06% of Envista worth $2,131,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Envista by 30.5% during the 4th quarter. GAMMA Investing LLC now owns 2,304 shares of the company’s stock worth $44,000 after buying an additional 538 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Envista by 50.8% during 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 period. Blue Trust Inc. boosted its holdings in Envista by 69.7% in the third quarter. Blue Trust Inc. now owns 1,957 shares of the company’s stock valued at $39,000 after purchasing an additional 804 shares during the last quarter. Huntington National Bank grew its position 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 purchasing an additional 949 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Envista by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,887 shares of the company’s stock valued at $392,000 after buying an additional 1,355 shares during the last quarter.

Envista Stock Performance

NYSE:NVST opened at $21.42 on Friday. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $24.79. The company has a market cap of $3.69 billion, a P/E ratio of -2.76, a P/E/G ratio of 1.88 and a beta of 1.33. The company has a current ratio of 2.08, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $20.10 and its 200-day moving average price is $18.96.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $601.00 million during the quarter, compared to analyst estimates of $590.34 million. During the same period in the prior year, the business earned $0.43 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that Envista Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Leerink Partnrs raised Envista from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st. Leerink Partners upgraded shares of Envista from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $16.00 to $23.00 in a research note on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of Envista in a research report on Thursday, October 31st. Jefferies Financial Group upped their price objective on shares of Envista from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company assumed coverage on Envista in a research note on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Envista currently has an average rating of “Hold” and a consensus price target of $20.13.

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.