Proficio Capital Partners LLC Takes Position in Envista Holdings Co. (NYSE:NVST)

Proficio Capital Partners LLC purchased a new stake in shares of Envista Holdings Co. (NYSE:NVST) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 18,576 shares of the company’s stock, valued at approximately $358,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Envista during the fourth quarter valued at approximately $53,000. Lecap Asset Management Ltd. bought a new position in Envista during the 4th quarter valued at approximately $281,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Envista during the third quarter valued at $14,965,000. Geode Capital Management LLC boosted its holdings in Envista by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,895,653 shares of the company’s stock worth $57,233,000 after acquiring an additional 71,435 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Envista in the third quarter worth $521,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler lifted their price target on Envista from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company set a $19.00 target price on shares of Envista in a report on Saturday, March 8th. Needham & Company LLC reiterated a “hold” rating on shares of Envista in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on shares of Envista from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Jefferies Financial Group increased their target price on Envista from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Two equities research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.18.

Envista Stock Performance

Shares of NVST opened at $17.44 on Wednesday. Envista Holdings Co. has a one year low of $15.15 and a one year high of $23.00. The business has a fifty day moving average of $19.70 and a 200 day moving average of $19.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.04 and a quick ratio of 1.76. The firm has a market capitalization of $3.00 billion, a P/E ratio of -2.69, a PEG ratio of 1.27 and a beta of 1.33.

Envista (NYSE:NVST) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts anticipate that Envista Holdings Co. will post 1 EPS for the current year.

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.