Convergence Investment Partners LLC Invests $585,000 in Envista Holdings Corporation $NVST

Convergence Investment Partners LLC purchased a new stake in shares of Envista Holdings Corporation (NYSE:NVST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,734 shares of the company’s stock, valued at approximately $585,000.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Envista by 317.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,349 shares of the company’s stock valued at $27,000 after purchasing an additional 1,026 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Envista by 73.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248 shares of the company’s stock valued at $44,000 after buying an additional 949 shares during the period. SJS Investment Consulting Inc. increased its holdings in shares of Envista by 10,356.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 2,405 shares of the company’s stock valued at $49,000 after acquiring an additional 2,382 shares during the period. EverSource Wealth Advisors LLC grew its stake in Envista by 378.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,414 shares of the company’s stock valued at $47,000 after purchasing an additional 1,909 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Envista by 34.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,498 shares of the company’s stock worth $51,000 after buying an additional 638 shares during the last quarter.

Analysts Set New Price Targets

NVST has been the topic of several analyst reports. Mizuho set a $24.00 price target on shares of Envista and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Robert W. Baird set a $27.00 price objective on Envista in a research report on Friday, October 31st. Barclays initiated coverage on Envista in a research report on Monday, December 8th. They set an “overweight” rating and a $24.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Envista from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Finally, Piper Sandler boosted their price target on Envista from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.33.

Envista Stock Down 0.9%

Shares of NVST stock opened at $23.25 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.02 and a current ratio of 2.37. Envista Holdings Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $25.41. The firm has a market capitalization of $3.82 billion, a PE ratio of 258.36, a P/E/G ratio of 1.05 and a beta of 0.99. The stock’s 50-day simple moving average is $22.47 and its 200-day simple moving average is $21.10.

Envista Company 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.