New York State Teachers Retirement System Raises Stock Holdings in Envista Holdings Co. (NYSE:NVST)

New York State Teachers Retirement System boosted its holdings in Envista Holdings Co. (NYSE:NVST) by 3.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,991 shares of the company’s stock after purchasing an additional 1,812 shares during the period. New York State Teachers Retirement System’s holdings in Envista were worth $1,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in Envista by 2.7% during the first quarter. Louisiana State Employees Retirement System now owns 49,400 shares of the company’s stock valued at $1,056,000 after buying an additional 1,300 shares in the last quarter. Canvas Wealth Advisors LLC raised its position in shares of Envista by 83.2% during the 1st quarter. Canvas Wealth Advisors LLC now owns 28,188 shares of the company’s stock worth $552,000 after purchasing an additional 12,799 shares during the period. Raymond James & Associates raised its position in shares of Envista by 106.3% during the 1st quarter. Raymond James & Associates now owns 842,110 shares of the company’s stock worth $18,004,000 after purchasing an additional 433,892 shares during the period. State of Michigan Retirement System raised its position in shares of Envista by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 42,163 shares of the company’s stock worth $901,000 after purchasing an additional 1,000 shares during the period. Finally, NBC Securities Inc. raised its position in shares of Envista by 60.6% during the 1st quarter. NBC Securities Inc. now owns 8,879 shares of the company’s stock worth $189,000 after purchasing an additional 3,351 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. SVB Leerink assumed coverage on Envista in a research report on Monday, February 26th. They set an “underperform” rating and a $19.00 price target on the stock. Leerink Partnrs restated an “underperform” rating on shares of Envista in a research report on Monday, February 26th. Morgan Stanley cut Envista from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $33.00 to $21.00 in a research report on Friday, April 26th. Needham & Company LLC restated a “hold” rating on shares of Envista in a research report on Monday, June 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Envista from $29.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.86.

Envista Price Performance

NYSE NVST traded down $0.04 on Tuesday, reaching $18.13. 2,590,848 shares of the stock traded hands, compared to its average volume of 2,263,957. The firm’s fifty day simple moving average is $19.25 and its 200 day simple moving average is $21.64. The company has a quick ratio of 1.93, a current ratio of 2.27 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -25.18, a P/E/G ratio of 14.92 and a beta of 1.34. Envista Holdings Co. has a 12 month low of $17.64 and a 12 month high of $36.14.

Envista (NYSE:NVST) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The firm had revenue of $623.60 million for the quarter, compared to the consensus estimate of $634.85 million. Envista had a negative net margin of 4.70% and a positive return on equity of 5.84%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, research analysts predict that Envista Holdings Co. will post 1.22 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.