Campbell & CO Investment Adviser LLC Invests $480,000 in Envista Holdings Co. (NYSE:NVST)

Campbell & CO Investment Adviser LLC purchased a new position in Envista Holdings Co. (NYSE:NVSTFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,211 shares of the company’s stock, valued at approximately $480,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Envista by 1.8% in the third quarter. Vanguard Group Inc. now owns 15,702,756 shares of the company’s stock worth $515,208,000 after purchasing an additional 270,768 shares during the period. Dimensional Fund Advisors LP increased its stake in Envista by 14.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,047,276 shares of the company’s stock valued at $204,640,000 after acquiring an additional 768,687 shares during the last quarter. Franklin Resources Inc. increased its stake in Envista by 44.7% in the second quarter. Franklin Resources Inc. now owns 5,192,285 shares of the company’s stock valued at $175,707,000 after acquiring an additional 1,603,147 shares during the last quarter. Alliancebernstein L.P. increased its stake in Envista by 50.5% in the fourth quarter. Alliancebernstein L.P. now owns 4,209,467 shares of the company’s stock valued at $141,733,000 after acquiring an additional 1,412,915 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Envista by 14.4% in the first quarter. Macquarie Group Ltd. now owns 4,157,392 shares of the company’s stock valued at $169,954,000 after acquiring an additional 524,622 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NVST. Jefferies Financial Group cut Envista from a “buy” rating to a “hold” rating and reduced their target price for the company from $30.00 to $23.00 in a research note on Friday. JPMorgan Chase & Co. reduced their target price on Envista from $42.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. William Blair cut Envista from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 8th. Stifel Nicolaus reduced their target price on Envista from $45.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Finally, Piper Sandler lowered shares of Envista from an “overweight” rating to a “neutral” rating and cut their price target for the company from $39.00 to $25.00 in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.78.

Read Our Latest Stock Report on NVST

Envista Stock Up 3.9 %

Envista stock opened at $22.80 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 1.90 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $23.88 and a 200-day moving average of $26.36. Envista Holdings Co. has a 1-year low of $20.00 and a 1-year high of $40.92.

Envista (NYSE:NVSTGet Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The firm had revenue of $645.60 million for the quarter, compared to analysts’ expectations of $638.37 million. Envista had a positive return on equity of 6.31% and a negative net margin of 3.90%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, equities analysts expect that Envista Holdings Co. will post 1.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Envista

In other news, SVP Eric Conley purchased 2,185 shares of Envista stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average price of $22.89 per share, with a total value of $50,014.65. Following the completion of the transaction, the senior vice president now directly owns 47,376 shares of the company’s stock, valued at $1,084,436.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Envista Profile

(Free Report)

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 brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.

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Institutional Ownership by Quarter for Envista (NYSE:NVST)

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