Keybank National Association OH Purchases Shares of 12,118 Envista Holdings Co. (NYSE:NVST)

Keybank National Association OH acquired a new position in Envista Holdings Co. (NYSE:NVST) in the 4th quarter, Holdings Channel reports. The firm acquired 12,118 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds have also made changes to their positions in NVST. Iron Triangle Partners LP purchased a new stake in Envista during the 3rd quarter worth $43,262,000. Point72 Asset Management L.P. acquired a new position in shares of Envista during the third quarter worth about $37,559,000. Polar Asset Management Partners Inc. boosted its position in shares of Envista by 375.6% in the third quarter. Polar Asset Management Partners Inc. now owns 1,497,250 shares of the company’s stock worth $29,586,000 after buying an additional 1,182,450 shares during the period. Franklin Resources Inc. boosted its position in shares of Envista by 26.5% in the third quarter. Franklin Resources Inc. now owns 3,971,662 shares of the company’s stock worth $78,480,000 after buying an additional 830,861 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Envista in the third quarter valued at about $14,965,000.

Envista Trading Down 2.1 %

Shares of NYSE NVST opened at $17.15 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $20.15 and its two-hundred day moving average price is $19.69. Envista Holdings Co. has a 52-week low of $15.15 and a 52-week high of $23.00. The stock has a market capitalization of $2.95 billion, a P/E ratio of -2.64, a PEG ratio of 1.27 and a beta of 1.33.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts anticipate that Envista Holdings Co. will post 1 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Envista 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.