Envista Holdings Co. (NYSE:NVST) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lowered its holdings in Envista Holdings Co. (NYSE:NVST) by 86.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,805 shares of the company’s stock after selling 1,870,792 shares during the quarter. River Road Asset Management LLC’s holdings in Envista were worth $5,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVST. Mutual of America Capital Management LLC raised its position in Envista by 1.0% in the first quarter. Mutual of America Capital Management LLC now owns 196,022 shares of the company’s stock valued at $4,191,000 after purchasing an additional 1,967 shares during the period. GSA Capital Partners LLP raised its position in Envista by 74.7% in the first quarter. GSA Capital Partners LLP now owns 27,548 shares of the company’s stock valued at $589,000 after purchasing an additional 11,782 shares during the period. Tweedy Browne Co LLC purchased a new stake in Envista in the first quarter valued at $21,053,000. Duality Advisers LP purchased a new stake in Envista in the first quarter valued at $1,903,000. Finally, Sciencast Management LP purchased a new stake in shares of Envista in the 1st quarter valued at $332,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NVST shares. Wells Fargo & Company started coverage on Envista in a report on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Bank of America cut their price objective on Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus boosted their price objective on Envista from $18.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Leerink Partnrs upgraded Envista from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Evercore ISI boosted their price objective on Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Envista has an average rating of “Hold” and an average target price of $20.71.

Envista Trading Down 0.8 %

NVST opened at $21.10 on Wednesday. The business has a fifty day moving average price of $18.70 and a 200 day moving average price of $18.06. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -2.72, a PEG ratio of 2.98 and a beta of 1.30. Envista Holdings Co. has a 12 month low of $15.15 and a 12 month high of $25.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.77.

Envista (NYSE:NVST) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $601.00 million during the quarter, compared to analysts’ expectations of $590.34 million. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. Sell-side analysts expect that Envista Holdings Co. will post 0.7 earnings per share for the current fiscal year.

Insider Transactions at Envista

In other Envista news, CFO Eric D. Hammes acquired 24,532 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $16.33 per share, with a total value of $400,607.56. Following the transaction, the chief financial officer now owns 24,532 shares in the company, valued at $400,607.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

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.