Massachusetts Financial Services Co. MA Buys 523,949 Shares of Envista Holdings Corporation $NVST

by · The Cerbat Gem

Massachusetts Financial Services Co. MA raised its stake in Envista Holdings Corporation (NYSE:NVST – Free Report) by 22.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,905,149 shares of the company’s stock after purchasing an additional 523,949 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.75% of Envista worth $59,178,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Envista by 34.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,498 shares of the company’s stock valued at $51,000 after buying an additional 638 shares during the last quarter. Claret Asset Management Corp raised its position in Envista by 6.5% during the second quarter. Claret Asset Management Corp now owns 11,827 shares of the company’s stock worth $231,000 after acquiring an additional 724 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Envista by 73.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248 shares of the company’s stock valued at $44,000 after acquiring an additional 949 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Envista by 317.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,349 shares of the company’s stock valued at $27,000 after acquiring an additional 1,026 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Envista by 5.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,100 shares of the company’s stock valued at $393,000 after acquiring an additional 1,067 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NVST shares. Evercore ISI reiterated an “outperform” rating on shares of Envista in a research note on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on Envista from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Mizuho set a $24.00 target price on Envista and gave the stock a “neutral” rating in a research note on Tuesday. Robert W. Baird set a $27.00 target price on Envista in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Envista in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Envista has an average rating of “Hold” and a consensus price target of $22.15.

Check Out Our Latest Report on NVST

Envista Price Performance

Envista stock opened at $24.69 on Thursday. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 274.34, a PEG ratio of 1.09 and a beta of 0.99. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 0.47. Envista Holdings Corporation has a 12 month low of $14.22 and a 12 month high of $25.41. The stock’s 50 day moving average is $21.77 and its 200-day moving average is $20.88.

Envista (NYSE:NVST – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The business had revenue of $669.90 million during the quarter, compared to the consensus estimate of $639.49 million. Envista had a return on equity of 5.90% and a net margin of 0.58%.The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. Equities research analysts expect that Envista Holdings Corporation will post 1 EPS for the current year.

Envista Profile

(Free Report)

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.

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