Janus Henderson Group PLC Acquires 112,288 Shares of Envista Holdings Co. (NYSE:NVST)

Janus Henderson Group PLC increased its holdings in shares of Envista Holdings Co. (NYSE:NVST) by 8.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,369,810 shares of the company’s stock after purchasing an additional 112,288 shares during the quarter. Janus Henderson Group PLC’s holdings in Envista were worth $27,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. M&G Plc boosted its holdings in shares of Envista by 12.5% during the 2nd quarter. M&G Plc now owns 306,253 shares of the company’s stock valued at $5,206,000 after acquiring an additional 33,923 shares during the last quarter. Nuance Investments LLC grew its position in Envista by 47.2% in the 2nd quarter. Nuance Investments LLC now owns 7,038,313 shares of the company’s stock worth $117,048,000 after purchasing an additional 2,256,993 shares during the period. Sei Investments Co. grew its position in Envista by 20.4% in the 2nd quarter. Sei Investments Co. now owns 925,170 shares of the company’s stock worth $15,386,000 after purchasing an additional 157,048 shares during the period. WINTON GROUP Ltd purchased a new stake in Envista during the 2nd quarter valued at $7,019,000. Finally, Raymond James & Associates lifted its holdings in shares of Envista by 22.6% during the 2nd quarter. Raymond James & Associates now owns 1,032,350 shares of the company’s stock valued at $17,168,000 after buying an additional 190,240 shares during the period.

Envista Trading Down 1.0 %

Shares of NVST opened at $19.89 on Friday. The firm has a market cap of $3.42 billion, a P/E ratio of -2.55, a price-to-earnings-growth ratio of 3.06 and a beta of 1.31. 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 Holdings Co. has a 1 year low of $15.15 and a 1 year high of $25.64. The company has a 50 day simple moving average of $19.98 and a two-hundred day simple moving average of $18.36.

Envista (NYSE:NVST) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $601.00 million for the quarter, compared to the consensus estimate of $590.34 million. During the same period in the previous year, the firm posted $0.43 EPS. Envista’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts expect that Envista Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on NVST. Leerink Partnrs raised Envista from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Company initiated coverage on shares of Envista in a research report on Tuesday, October 8th. They set an “equal weight” rating and a $20.00 price target for the company. Leerink Partners raised shares of Envista from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $16.00 to $23.00 in a report on Thursday, October 31st. Mizuho initiated coverage on shares of Envista in a report on Wednesday. They set an “underperform” rating and a $20.00 target price for the company. Finally, Stifel Nicolaus lifted their price target on shares of Envista from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.65.

Envista 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.