Envista Holdings Co. (NYSE:NVST) Holdings Lifted by Assetmark Inc.

Assetmark Inc. boosted its holdings in Envista Holdings Co. (NYSE:NVST) by 2.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 39,624 shares of the company’s stock after purchasing an additional 983 shares during the quarter. Assetmark Inc.’s holdings in Envista were worth $764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in Envista by 22.2% during the third quarter. Pacer Advisors Inc. now owns 3,529,827 shares of the company’s stock valued at $69,749,000 after purchasing an additional 642,401 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Envista in the fourth quarter worth approximately $53,000. Lecap Asset Management Ltd. bought a new position in shares of Envista in the fourth quarter valued at $281,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Envista during the 3rd quarter valued at $14,965,000. Finally, Geode Capital Management LLC boosted its stake in shares of Envista by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,895,653 shares of the company’s stock worth $57,233,000 after acquiring an additional 71,435 shares in the last quarter.

Wall Street Analysts Forecast Growth

NVST has been the topic of a number of recent analyst reports. UBS Group cut their target price on Envista from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday. Mizuho initiated coverage on shares of Envista in a research note on Wednesday, December 4th. They set an “underperform” rating and a $20.00 price objective for the company. Morgan Stanley decreased their target price on shares of Envista from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Jefferies Financial Group upped their price target on shares of Envista from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Envista in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.18.

Envista Price Performance

NVST opened at $17.15 on Wednesday. Envista Holdings Co. has a 1 year low of $15.15 and a 1 year high of $23.00. The stock has a fifty day moving average price of $20.15 and a 200 day moving average price of $19.69. The company has a current ratio of 2.04, a quick ratio of 1.76 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -2.64, a PEG ratio of 1.27 and a beta of 1.33.

Envista (NYSE:NVST) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. Analysts forecast that Envista Holdings Co. will post 1 EPS for the current fiscal year.

About Envista

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.