Pictet Asset Management Holding SA Has $469,000 Stock Position in Envista Holdings Co. (NYSE:NVST)

Pictet Asset Management Holding SA raised its holdings in shares of Envista Holdings Co. (NYSE:NVST) by 20.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,338 shares of the company’s stock after buying an additional 4,121 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Envista were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. New Age Alpha Advisors LLC bought a new position in Envista during the fourth quarter worth $447,000. Norges Bank acquired a new stake in Envista in the 4th quarter worth $38,052,000. Homestead Advisers Corp increased its holdings in shares of Envista by 20.2% during the 4th quarter. Homestead Advisers Corp now owns 218,300 shares of the company’s stock worth $4,211,000 after purchasing an additional 36,700 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Envista during the fourth quarter valued at about $86,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Envista in the fourth quarter valued at about $691,000.

Envista Price Performance

Shares of Envista stock opened at $16.41 on Thursday. Envista Holdings Co. has a 1-year low of $14.22 and a 1-year high of $23.00. The firm’s 50-day moving average price is $18.59 and its two-hundred day moving average price is $19.40. 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 capitalization of $2.83 billion, a price-to-earnings ratio of -2.53, a P/E/G ratio of 1.27 and a beta of 1.12.

Envista (NYSE:NVST) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. On average, equities analysts predict that Envista Holdings Co. will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NVST shares. Morgan Stanley lowered their price target on Envista from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company set a $19.00 price objective on Envista in a research report on Saturday, March 8th. Piper Sandler raised their target price on Envista from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Jefferies Financial Group boosted their price target on shares of Envista from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.18.

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.