757,330 Shares in Envista Holdings Co. (NYSE:NVST) Acquired by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Envista Holdings Co. (NYSE:NVST) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 757,330 shares of the company’s stock, valued at approximately $14,965,000. Hotchkis & Wiley Capital Management LLC owned about 0.44% of Envista at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NVST. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Envista during the 3rd quarter valued at $31,000. GAMMA Investing LLC boosted its position in Envista by 69.8% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $35,000 after buying an additional 726 shares during the period. Huntington National Bank grew its stake in shares of Envista by 97.8% during the third 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. Blue Trust Inc. increased its holdings in shares of Envista by 69.7% in the third quarter. Blue Trust Inc. now owns 1,957 shares of the company’s stock worth $39,000 after buying an additional 804 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Envista by 50.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company’s stock valued at $43,000 after acquiring an additional 728 shares during the last quarter.

Envista Stock Down 1.4 %

Shares of NYSE:NVST opened at $21.99 on Wednesday. The firm has a market capitalization of $3.78 billion, a P/E ratio of -2.83, a P/E/G ratio of 3.10 and a beta of 1.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.08. The stock has a 50 day moving average price of $19.92 and a 200-day moving average price of $18.33. Envista Holdings Co. has a 52-week low of $15.15 and a 52-week high of $25.64.

Envista (NYSE:NVST) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $601.00 million during the quarter, compared to the consensus estimate of $590.34 million. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, equities research analysts anticipate that Envista Holdings Co. will post 0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NVST. Bank of America decreased their price target on Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird lifted their target price on shares of Envista from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered shares of 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. Needham & Company LLC reissued a “hold” rating on shares of Envista in a report on Thursday, October 31st. Finally, Wells Fargo & Company initiated coverage on shares of Envista in a research note on Tuesday, October 8th. They set an “equal weight” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.71.

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.