Envista Holdings Co. (NYSE:NVST) Short Interest Down 13.8% in January

Envista Holdings Co. (NYSE:NVST) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 10,850,000 shares, a decline of 13.8% from the December 31st total of 12,580,000 shares. Based on an average daily volume of 2,070,000 shares, the short-interest ratio is presently 5.2 days.

Institutional Trading of Envista

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Envista during the third quarter worth approximately $31,000. GAMMA Investing LLC raised its stake in Envista by 69.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $35,000 after purchasing an additional 726 shares during the last quarter. Huntington National Bank boosted its holdings in Envista by 97.8% in the 3rd quarter. Huntington National Bank now owns 1,919 shares of the company’s stock valued at $38,000 after purchasing an additional 949 shares during the period. Venturi Wealth Management LLC grew its position in Envista by 528.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,948 shares of the company’s stock worth $38,000 after purchasing an additional 1,638 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings 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 during the period.

Envista Stock Performance

NVST stock traded down $0.90 during midday trading on Friday, hitting $20.51. 2,143,085 shares of the company traded hands, compared to its average volume of 1,715,122. The business has a 50 day simple moving average of $20.08 and a 200-day simple moving average of $19.01. 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 has a twelve month low of $15.15 and a twelve month high of $24.79. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of -2.64, a price-to-earnings-growth ratio of 1.89 and a beta of 1.33.

Envista (NYSE:NVST) last announced its earnings results on Wednesday, October 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The firm had revenue of $601.00 million for the quarter, compared to the consensus estimate of $590.34 million. During the same quarter last year, the firm posted $0.43 EPS. The business’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts predict that Envista will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

NVST has been the subject of several research analyst reports. Jefferies Financial Group increased their price objective on Envista from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Needham & Company LLC restated a “hold” rating on shares of Envista in a report on Thursday, October 31st. Mizuho assumed coverage on shares of Envista in a research note on Wednesday, December 4th. They issued an “underperform” rating and a $20.00 price objective on the stock. Leerink Partners upgraded shares of Envista from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $16.00 to $23.00 in a research report on Thursday, October 31st. Finally, Robert W. Baird boosted their price target on shares of Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Envista presently has a consensus rating of “Hold” and a consensus price target of $20.13.

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.