Clarkston Capital Partners LLC Purchases 17,085 Shares of Envista Holdings Co. (NYSE:NVST)

Clarkston Capital Partners LLC boosted its holdings in Envista Holdings Co. (NYSE:NVST) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,347,300 shares of the company’s stock after acquiring an additional 17,085 shares during the quarter. Envista accounts for about 1.6% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 21st biggest position. Clarkston Capital Partners LLC’s holdings in Envista were worth $85,903,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NVST. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Envista in the third quarter valued at approximately $31,000. GAMMA Investing LLC increased 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 acquiring an additional 726 shares during the last quarter. Huntington National Bank raised its position in shares of Envista by 97.8% in the 3rd quarter. Huntington National Bank now owns 1,919 shares of the company’s stock valued at $38,000 after acquiring an additional 949 shares during the period. Blue Trust Inc. boosted its stake in Envista by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 1,957 shares of the company’s stock worth $39,000 after acquiring an additional 804 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Envista by 50.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock worth $43,000 after acquiring an additional 728 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NVST shares. Evercore ISI upped their price target on shares of Envista from $18.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Piper Sandler lifted their price target on Envista from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company initiated coverage on Envista in a research note on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Stifel Nicolaus boosted their target price on Envista from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Leerink Partners raised Envista from an “underperform” rating to a “market perform” rating and raised their price target for the company from $16.00 to $23.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Envista presently has a consensus rating of “Hold” and a consensus price target of $20.71.

Envista Price Performance

NYSE:NVST opened at $20.57 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.08. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -2.65, a P/E/G ratio of 2.86 and a beta of 1.30. Envista Holdings Co. has a 52 week low of $15.15 and a 52 week high of $25.64. The firm’s 50-day simple moving average is $19.20 and its 200 day simple moving average is $18.11.

Envista (NYSE:NVST) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, beating 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 period in the previous year, the business earned $0.43 earnings per share. As a group, sell-side analysts predict that Envista Holdings Co. will post 0.72 earnings per share for the current 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.