Chesapeake Capital Corp IL Takes $216,000 Position in Envista Holdings Co. (NYSE:NVST)

Chesapeake Capital Corp IL bought a new stake in shares of Envista Holdings Co. (NYSE:NVST) in the 4th quarter, HoldingsChannel.com reports. The firm bought 11,173 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NVST. Iron Triangle Partners LP acquired a new stake in shares of Envista during the 3rd quarter valued at approximately $43,262,000. Point72 Asset Management L.P. acquired a new stake in shares of Envista during the 3rd quarter valued at approximately $37,559,000. Polar Asset Management Partners Inc. raised its position in shares of Envista by 375.6% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,497,250 shares of the company’s stock valued at $29,586,000 after acquiring an additional 1,182,450 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Envista during the 4th quarter valued at approximately $16,979,000. Finally, Franklin Resources Inc. raised its position in shares of Envista by 26.5% during the 3rd quarter. Franklin Resources Inc. now owns 3,971,662 shares of the company’s stock valued at $78,480,000 after acquiring an additional 830,861 shares in the last quarter.

Analyst Upgrades and Downgrades

NVST has been the topic of several analyst reports. Wells Fargo & Company set a $19.00 target price on Envista in a research report on Saturday, March 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a research report on Thursday, March 6th. Piper Sandler increased their target price on Envista from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. UBS Group dropped their target price on Envista from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Finally, New Street Research set a $19.00 target price on Envista in a research report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.18.

Envista Trading Down 1.6 %

Shares of NVST stock opened at $16.90 on Wednesday. The stock has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $19.63. Envista Holdings Co. has a fifty-two week low of $15.15 and a fifty-two week high of $23.00. The stock has a market capitalization of $2.91 billion, a P/E ratio of -2.60, a P/E/G ratio of 1.27 and a beta of 1.33. The company has a quick ratio of 1.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.44.

Envista (NYSE:NVST) last announced its earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. On average, sell-side analysts expect that Envista Holdings Co. will post 1 earnings per share for the current fiscal year.

About Envista

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.