Envista Holdings Co. (NYSE:NVST) Shares Bought by Marathon Asset Management Ltd

Marathon Asset Management Ltd lifted its holdings in shares of Envista Holdings Co. (NYSE:NVST) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,136,350 shares of the company’s stock after purchasing an additional 26,453 shares during the quarter. Marathon Asset Management Ltd owned about 0.66% of Envista worth $22,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning grew its holdings in Envista by 30.2% in the 3rd quarter. Creative Planning now owns 31,575 shares of the company’s stock valued at $624,000 after buying an additional 7,329 shares during the period. GAMMA Investing LLC grew its holdings in Envista by 69.8% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $35,000 after purchasing an additional 726 shares during the period. Handelsbanken Fonder AB grew its holdings in Envista by 24.3% in the third quarter. Handelsbanken Fonder AB now owns 49,100 shares of the company’s stock valued at $970,000 after purchasing an additional 9,600 shares during the period. Algert Global LLC boosted its holdings in shares of Envista by 132.4% in the 2nd quarter. Algert Global LLC now owns 64,258 shares of the company’s stock valued at $1,069,000 after purchasing an additional 36,608 shares during the last quarter. Finally, Scientech Research LLC grew its stake in shares of Envista by 28.7% during the 2nd quarter. Scientech Research LLC now owns 32,611 shares of the company’s stock valued at $542,000 after buying an additional 7,267 shares during the period.

Insiders Place Their Bets

In other Envista news, CFO Eric D. Hammes purchased 24,532 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $16.33 per share, with a total value of $400,607.56. Following the completion of the acquisition, the chief financial officer now owns 24,532 shares in the company, valued at approximately $400,607.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Envista Stock Up 0.5 %

NVST stock opened at $18.27 on Friday. The firm has a 50 day simple moving average of $18.27 and a 200-day simple moving average of $18.15. The company has a market capitalization of $3.14 billion, a P/E ratio of -25.38 and a beta of 1.32. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $25.64. The company has a current ratio of 2.22, a quick ratio of 1.90 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.16). Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. The business had revenue of $633.10 million during the quarter, compared to analyst estimates of $646.88 million. During the same period last year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities research analysts predict that Envista Holdings Co. will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Envista in a report on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. cut Envista from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $16.00 in a report on Thursday, August 8th. Robert W. Baird reduced their price target on shares of Envista from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Bank of America dropped their price objective on shares of Envista from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Evercore ISI raised their target price on shares of Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.63.

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.