Taurus Asset Management LLC Reduces Position in Envista Holdings Co. (NYSE:NVST)

Taurus Asset Management LLC cut its position in shares of Envista Holdings Co. (NYSE:NVSTFree Report) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160,666 shares of the company’s stock after selling 7,360 shares during the quarter. Taurus Asset Management LLC’s holdings in Envista were worth $4,479,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Toroso Investments LLC lifted its stake in Envista by 5.2% in the 3rd quarter. Toroso Investments LLC now owns 6,107 shares of the company’s stock valued at $200,000 after buying an additional 303 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Envista by 8.1% during the second quarter. Van ECK Associates Corp now owns 4,129 shares of the company’s stock valued at $140,000 after acquiring an additional 310 shares during the last quarter. Covestor Ltd boosted its stake in shares of Envista by 35.0% during the first quarter. Covestor Ltd now owns 1,273 shares of the company’s stock valued at $62,000 after acquiring an additional 330 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Envista by 0.9% during the 1st quarter. Ameritas Investment Partners Inc. now owns 43,106 shares of the company’s stock worth $2,100,000 after purchasing an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Envista by 1.0% in the 2nd quarter. Larson Financial Group LLC now owns 38,991 shares of the company’s stock valued at $1,319,000 after purchasing an additional 396 shares during the last quarter.

Insider Activity at Envista

In related news, SVP Eric Conley bought 2,185 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $22.89 per share, with a total value of $50,014.65. Following the completion of the transaction, the senior vice president now directly owns 47,376 shares of the company’s stock, valued at $1,084,436.64. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

NVST has been the subject of a number of recent research reports. Jefferies Financial Group downgraded shares of Envista from a “buy” rating to a “hold” rating and lowered their price target for the stock from $30.00 to $23.00 in a report on Friday. Stifel Nicolaus lowered their target price on shares of Envista from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. The Goldman Sachs Group downgraded Envista from a “buy” rating to a “sell” rating and set a $22.00 price target for the company. in a report on Monday, December 11th. William Blair downgraded Envista from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Envista from $42.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.78.

Check Out Our Latest Analysis on NVST

Envista Price Performance

Envista stock opened at $21.94 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.90 and a current ratio of 2.23. Envista Holdings Co. has a 12 month low of $20.00 and a 12 month high of $41.33. The stock’s 50-day moving average is $23.91 and its 200-day moving average is $26.44.

Envista (NYSE:NVSTGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). Envista had a negative net margin of 3.90% and a positive return on equity of 6.31%. The business had revenue of $645.60 million during the quarter, compared to analysts’ expectations of $638.37 million. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Equities research analysts anticipate that Envista Holdings Co. will post 1.48 earnings per share for the current year.

About Envista

(Free Report)

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 brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.

See Also

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Institutional Ownership by Quarter for Envista (NYSE:NVST)

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