Yousif Capital Management LLC Purchases 3,631 Shares of Envista Holdings Co. (NYSE:NVST)

Yousif Capital Management LLC raised its position in Envista Holdings Co. (NYSE:NVST) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,947 shares of the company’s stock after purchasing an additional 3,631 shares during the period. Yousif Capital Management LLC’s holdings in Envista were worth $1,948,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NVST. Dakota Wealth Management increased its stake in Envista by 11.5% in the third quarter. Dakota Wealth Management now owns 8,613 shares of the company’s stock valued at $240,000 after purchasing an additional 890 shares in the last quarter. Raymond James & Associates bought a new stake in Envista in the third quarter valued at approximately $1,236,000. Verdence Capital Advisors LLC increased its stake in Envista by 27.2% in the third quarter. Verdence Capital Advisors LLC now owns 10,288 shares of the company’s stock valued at $287,000 after purchasing an additional 2,198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Envista by 20.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,884 shares of the company’s stock worth $889,000 after acquiring an additional 5,342 shares in the last quarter. Finally, Strs Ohio increased its position in shares of Envista by 19.4% during the third quarter. Strs Ohio now owns 46,989 shares of the company’s stock worth $1,310,000 after acquiring an additional 7,633 shares in the last quarter.

Envista Price Performance

NVST stock opened at $19.75 on Thursday. The company has a quick ratio of 1.90, a current ratio of 2.23 and a debt-to-equity ratio of 0.33. Envista Holdings Co. has a 12 month low of $18.95 and a 12 month high of $38.43. The firm has a market cap of $3.39 billion, a P/E ratio of -32.38, a P/E/G ratio of 3.90 and a beta of 1.35. The company’s 50-day moving average price is $20.80 and its two-hundred day moving average price is $22.59.

Envista (NYSE:NVST) last released its earnings results on Wednesday, February 7th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). Envista had a negative net margin of 3.90% and a positive return on equity of 6.31%. The firm had revenue of $645.60 million during the quarter, compared to the consensus estimate of $638.37 million. During the same period in the prior year, the business earned $0.52 earnings per share. Envista’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts anticipate that Envista Holdings Co. will post 1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVST. Morgan Stanley downgraded shares of Envista from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $33.00 to $21.00 in a research report on Friday, April 26th. Jefferies Financial Group cut shares of Envista from a “buy” rating to a “hold” rating and cut their price target for the company from $30.00 to $23.00 in a research note on Friday, February 9th. UBS Group started coverage on shares of Envista in a research note on Friday, January 5th. They set a “neutral” rating and a $26.00 target price for the company. William Blair cut shares of Envista from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 8th. Finally, SVB Leerink started coverage on shares of Envista in a research report on Monday, February 26th. They set an “underperform” rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $27.90.

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.