VELA Investment Management LLC Buys 7,859 Shares of Envista Holdings Co. (NYSE:NVST)

VELA Investment Management LLC grew its stake in Envista Holdings Co. (NYSE:NVST) by 12.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,812 shares of the company’s stock after acquiring an additional 7,859 shares during the quarter. VELA Investment Management LLC’s holdings in Envista were worth $1,161,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NVST. Versant Capital Management Inc boosted its stake in Envista by 1,420.3% in the 2nd quarter. Versant Capital Management Inc now owns 3,147 shares of the company’s stock worth $52,000 after purchasing an additional 2,940 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Envista by 538.0% in the fourth quarter. Quadrant Capital Group LLC now owns 3,209 shares of the company’s stock worth $77,000 after buying an additional 2,706 shares during the last quarter. Innealta Capital LLC purchased a new position in Envista in the second quarter worth about $78,000. Summit Securities Group LLC bought a new position in shares of Envista in the second quarter worth approximately $85,000. Finally, Signaturefd LLC grew its holdings in shares of Envista by 85.9% during the second quarter. Signaturefd LLC now owns 5,345 shares of the company’s stock valued at $89,000 after buying an additional 2,470 shares during the last quarter.

Insider Activity at Envista

In other news, CFO Eric D. Hammes acquired 24,532 shares of Envista stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of $16.33 per share, with a total value of $400,607.56. Following the completion of the purchase, the chief financial officer now directly owns 24,532 shares in the company, valued at approximately $400,607.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Envista Stock Up 3.5 %

Shares of NVST stock opened at $17.83 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.90 and a debt-to-equity ratio of 0.47. Envista Holdings Co. has a 12 month low of $15.15 and a 12 month high of $31.72. The stock has a market cap of $3.06 billion, a P/E ratio of -24.76 and a beta of 1.31. The company has a 50 day simple moving average of $16.95 and a two-hundred day simple moving average of $18.76.

Envista (NYSE:NVST) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. The business had revenue of $633.10 million for the quarter, compared to the consensus estimate of $646.88 million. During the same period in the previous year, the firm earned $0.43 EPS. The company’s revenue was down 4.4% on a year-over-year basis. On average, research analysts expect that Envista Holdings Co. will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Envista from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. JPMorgan Chase & Co. downgraded Envista from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $16.00 in a report on Thursday, August 8th. Evercore ISI dropped their price objective on Envista from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Envista in a research report on Thursday, August 8th. Finally, Bank of America dropped their price target on shares of Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.14.

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.