Profit Investment Management LLC Buys 7,226 Shares of Envista Holdings Co. (NYSE:NVST)

Profit Investment Management LLC raised its stake in Envista Holdings Co. (NYSE:NVST) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,597 shares of the company’s stock after purchasing an additional 7,226 shares during the period. Envista makes up approximately 2.0% of Profit Investment Management LLC’s holdings, making the stock its 16th biggest position. Profit Investment Management LLC owned 0.07% of Envista worth $2,461,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Envista by 30.5% during the 4th quarter. GAMMA Investing LLC now owns 2,304 shares of the company’s stock worth $44,000 after acquiring an additional 538 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Envista by 50.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock worth $43,000 after purchasing an additional 728 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Envista by 2.3% during the 2nd quarter. Victory Capital Management Inc. now owns 36,021 shares of the company’s stock worth $599,000 after purchasing an additional 800 shares in the last quarter. Blue Trust Inc. increased its position in shares of Envista by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 1,957 shares of the company’s stock worth $39,000 after purchasing an additional 804 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Envista by 97.8% during the 3rd quarter. Huntington National Bank now owns 1,919 shares of the company’s stock worth $38,000 after purchasing an additional 949 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on NVST. Wells Fargo & Company began coverage on shares of Envista in a research report on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price objective for the company. Evercore ISI lifted their price objective on shares of Envista from $18.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Leerink Partners raised shares of Envista from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $16.00 to $23.00 in a research note on Thursday, October 31st. Mizuho started coverage on shares of Envista in a research note on Wednesday, December 4th. They issued an “underperform” rating and a $20.00 price target on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of Envista in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.21.

Envista Trading Down 0.0 %

Shares of NVST stock opened at $19.17 on Friday. The stock’s fifty day moving average price is $20.05 and its two-hundred day moving average price is $18.65. Envista Holdings Co. has a fifty-two week low of $15.15 and a fifty-two week high of $24.79. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42.

Envista (NYSE:NVST) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The company had revenue of $601.00 million during the quarter, compared to analysts’ expectations of $590.34 million. During the same period in the prior year, the company earned $0.43 EPS. Envista’s revenue was down 4.8% compared to the same quarter last year. On average, equities analysts forecast that Envista Holdings Co. will post 0.72 earnings per share for the current 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.