Massachusetts Financial Services Co. MA Has $59.04 Million Holdings in Envista Holdings Co. (NYSE:NVST)

Massachusetts Financial Services Co. MA lowered its position in Envista Holdings Co. (NYSE:NVST) by 11.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,987,760 shares of the company’s stock after selling 390,738 shares during the period. Massachusetts Financial Services Co. MA owned 1.74% of Envista worth $59,038,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Envista by 69.8% in 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. 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 purchasing an additional 728 shares during the period. Victory Capital Management Inc. boosted its position in shares of Envista by 2.3% during the 2nd quarter. Victory Capital Management Inc. now owns 36,021 shares of the company’s stock valued at $599,000 after purchasing an additional 800 shares in the last quarter. Blue Trust Inc. grew its stake in 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 increased its holdings in Envista by 97.8% in the third quarter. Huntington National Bank now owns 1,919 shares of the company’s stock worth $38,000 after purchasing an additional 949 shares in the last quarter.

Analysts Set New Price Targets

NVST has been the topic of a number of research analyst reports. Leerink Partnrs upgraded Envista from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st. Bank of America reduced their price target on shares of Envista from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler increased their price objective on shares of Envista from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Evercore ISI boosted their target price on Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, Wells Fargo & Company started coverage on Envista in a research note on Tuesday, October 8th. They set an “equal weight” rating and a $20.00 price target on the stock. One investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.71.

Envista Trading Up 0.4 %

Shares of Envista stock opened at $21.48 on Monday. The company has a market capitalization of $3.70 billion, a P/E ratio of -2.76, a price-to-earnings-growth ratio of 2.98 and a beta of 1.30. The stock has a fifty day simple moving average of $19.48 and a 200 day simple moving average of $18.17. Envista Holdings Co. has a 12-month low of $15.15 and a 12-month high of $25.64. The company has a current ratio of 2.08, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42.

Envista (NYSE:NVST) last announced its earnings results on Wednesday, October 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $590.34 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Envista Holdings Co. will post 0.72 earnings per share for the current fiscal year.

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.