OneDigital Investment Advisors LLC purchased a new stake in Envista Holdings Corporation (NYSE:NVST – Free Report) during the 2nd quarter, Holdings Channel reports. The firm purchased 24,863 shares of the company’s stock, valued at approximately $655,000.
Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in Envista by 16,711.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,513 shares of the company’s stock valued at $31,000 after buying an additional 1,504 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Envista by 75.4% in the fourth quarter. Allworth Financial LP now owns 1,805 shares of the company’s stock worth $39,000 after acquiring an additional 776 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Envista by 46.1% in the fourth quarter. UMB Bank n.a. now owns 2,017 shares of the company’s stock worth $44,000 after acquiring an additional 636 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Envista by 73.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248 shares of the company’s stock worth $44,000 after acquiring an additional 949 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Envista by 102.9% in the fourth quarter. IFP Advisors Inc now owns 2,112 shares of the company’s stock valued at $46,000 after acquiring an additional 1,071 shares in the last quarter.
Envista Stock Performance
NYSE NVST opened at $27.78 on Wednesday. The business’s 50-day moving average price is $26.72 and its 200 day moving average price is $26.22. The company has a current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 0.47. Envista Holdings Corporation has a twelve month low of $18.77 and a twelve month high of $30.42. The company has a market capitalization of $4.46 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Barclays decreased their price objective on Envista from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, June 11th. Robert W. Baird set a $34.00 target price on shares of Envista in a report on Thursday, August 6th. Mizuho set a $29.00 price target on shares of Envista in a research note on Thursday, August 6th. BMO Capital Markets began coverage on shares of Envista in a research report on Wednesday, July 8th. They issued a “market perform” rating and a $27.00 price objective for the company. Finally, Zacks Research raised shares of Envista from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Envista currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.31.
Check Out Our Latest Analysis on Envista
Envista Profile
Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.
Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.
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