Nuance Investments LLC Has $145.17 Million Stock Holdings in Envista Holdings Co. (NYSE:NVST)

Nuance Investments LLC raised its stake in Envista Holdings Co. (NYSE:NVST) by 4.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,346,534 shares of the company’s stock after acquiring an additional 308,221 shares during the period. Envista accounts for about 4.9% of Nuance Investments LLC’s holdings, making the stock its 6th biggest holding. Nuance Investments LLC’s holdings in Envista were worth $145,168,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its holdings in Envista by 3.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 152,077 shares of the company’s stock worth $3,251,000 after purchasing an additional 4,622 shares during the last quarter. Pitcairn Co. bought a new position in shares of Envista in the 1st quarter valued at about $590,000. Ariel Investments LLC increased its position in shares of Envista by 25.3% in the first quarter. Ariel Investments LLC now owns 8,892,200 shares of the company’s stock valued at $190,115,000 after acquiring an additional 1,795,258 shares during the last quarter. Quadrature Capital Ltd raised its holdings in Envista by 110.9% during the first quarter. Quadrature Capital Ltd now owns 69,004 shares of the company’s stock worth $1,476,000 after acquiring an additional 36,290 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Envista by 6.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 133,887 shares of the company’s stock valued at $2,863,000 after purchasing an additional 8,380 shares during the last quarter.

Envista Stock Performance

NYSE:NVST opened at $20.26 on Wednesday. Envista Holdings Co. has a twelve month low of $15.15 and a twelve month high of $25.64. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $19.33 and its 200 day simple moving average is $18.12. The firm has a market capitalization of $3.49 billion, a PE ratio of -2.61, a price-to-earnings-growth ratio of 2.86 and a beta of 1.30.

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

Analyst Ratings Changes

NVST has been the subject of a number of recent analyst reports. Leerink Partners upgraded shares of Envista from an “underperform” rating to a “market perform” rating and increased their price target for the company from $16.00 to $23.00 in a research note on Thursday, October 31st. Evercore ISI raised their price objective on Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Robert W. Baird boosted their target price on Envista from $17.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. downgraded Envista from an “overweight” rating to a “neutral” rating and cut their price target for the company from $23.00 to $16.00 in a report on Thursday, August 8th. Finally, Bank of America reduced their target price on shares of Envista from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.71.

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.