Hantz Financial Services Inc. Trims Position in Envista Holdings Co. (NYSE:NVST)

Hantz Financial Services Inc. lowered its stake in shares of Envista Holdings Co. (NYSE:NVST) by 34.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 44,810 shares of the company’s stock after selling 24,011 shares during the period. Hantz Financial Services Inc.’s holdings in Envista were worth $885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NVST. GAMMA Investing LLC lifted its position in Envista by 69.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $35,000 after acquiring an additional 726 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Envista by 50.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock worth $43,000 after purchasing an additional 728 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Envista by 2.3% during the second quarter. Victory Capital Management Inc. now owns 36,021 shares of the company’s stock worth $599,000 after purchasing an additional 800 shares during the period. Blue Trust Inc. lifted its holdings in shares of Envista by 69.7% during the third 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. Finally, Huntington National Bank grew its position 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 buying an additional 949 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NVST shares. Needham & Company LLC restated a “hold” rating on shares of Envista in a research note on Thursday, October 31st. Evercore ISI lifted 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. Leerink Partners raised 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 note on Thursday, October 31st. JPMorgan Chase & Co. downgraded Envista from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $16.00 in a research note on Thursday, August 8th. Finally, Leerink Partnrs raised Envista from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st. 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 company. Based on data from MarketBeat.com, Envista presently has an average rating of “Hold” and an average target price of $20.71.

Envista Stock Down 0.2 %

Shares of NYSE NVST opened at $22.29 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.77. The firm’s 50-day moving average is $19.79 and its two-hundred day moving average is $18.28. Envista Holdings Co. has a 12-month low of $15.15 and a 12-month high of $25.64. The company has a market capitalization of $3.84 billion, a PE ratio of -2.87, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30.

Envista (NYSE:NVST) last announced its earnings results on Wednesday, October 30th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The firm had revenue of $601.00 million for the quarter, compared to analysts’ expectations of $590.34 million. During the same quarter in the prior year, the firm earned $0.43 EPS. Envista’s quarterly revenue was down 4.8% on a year-over-year basis. Equities analysts anticipate that Envista Holdings Co. will post 0.72 EPS for the current fiscal year.

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.