Police & Firemen s Retirement System of New Jersey Boosts Stock Position in Envista Holdings Corporation $NVST

Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Envista Holdings Corporation (NYSE:NVST) by 5.5% in the second quarter, Holdings Channel reports. The fund owned 65,510 shares of the company’s stock after purchasing an additional 3,427 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Envista were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of NVST. Profit Investment Management LLC raised its position in Envista by 36.2% during the 2nd quarter. Profit Investment Management LLC now owns 173,788 shares of the company’s stock worth $3,396,000 after buying an additional 46,191 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Envista by 7.2% in the second quarter. Pzena Investment Management LLC now owns 2,459,082 shares of the company’s stock valued at $48,050,000 after acquiring an additional 164,825 shares in the last quarter. Strs Ohio acquired a new position in shares of Envista during the first quarter worth about $1,433,000. First Hawaiian Bank increased its stake in shares of Envista by 47.4% during the first quarter. First Hawaiian Bank now owns 47,597 shares of the company’s stock worth $822,000 after acquiring an additional 15,312 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Envista by 39.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 66,018 shares of the company’s stock worth $1,346,000 after purchasing an additional 18,699 shares in the last quarter.

Envista Stock Performance

NYSE NVST opened at $19.86 on Friday. The business has a 50 day moving average price of $20.12 and a 200 day moving average price of $19.77. The company has a market capitalization of $3.27 billion, a P/E ratio of 62.06, a PEG ratio of 1.09 and a beta of 1.05. Envista Holdings Corporation has a 1-year low of $14.22 and a 1-year high of $22.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.44 and a quick ratio of 2.08.

Envista (NYSE:NVST) last posted its earnings results on Wednesday, October 29th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Envista had a return on equity of 4.84% and a net margin of 2.11%.The company had revenue of $669.90 million for the quarter, compared to the consensus estimate of $639.49 million. During the same period in the previous year, the business earned $0.12 earnings per share. Envista’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts expect that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NVST shares. Morgan Stanley lifted their price objective on Envista from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Mizuho set a $19.00 price target on Envista in a report on Monday, November 3rd. Robert W. Baird set a $27.00 price objective on Envista in a report on Friday, October 31st. Evercore ISI reiterated an “outperform” rating on shares of Envista in a research report on Friday, October 31st. Finally, Stifel Nicolaus set a $25.00 target price on shares of Envista in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.33.

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.