Vanguard Group Inc. reduced its position in shares of Enviri Corporation (NYSE:NVRI – Free Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,298,108 shares of the company’s stock after selling 78,351 shares during the period. Vanguard Group Inc. owned 0.07% of Enviri worth $94,942,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in NVRI. Advisory Services Network LLC bought a new position in shares of Enviri during the third quarter valued at about $27,000. BNP Paribas Financial Markets lifted its position in shares of Enviri by 43.8% during the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock valued at $66,000 after purchasing an additional 2,322 shares in the last quarter. Baird Financial Group Inc. bought a new position in shares of Enviri during the first quarter valued at about $93,000. Envestnet Asset Management Inc. lifted its position in shares of Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Enviri by 88.1% during the second quarter. Tower Research Capital LLC TRC now owns 13,116 shares of the company’s stock valued at $114,000 after purchasing an additional 6,144 shares in the last quarter. 93.43% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on NVRI. BMO Capital Markets raised their price objective on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday. Lake Street Capital restated a “buy” rating and set a $25.00 price objective on shares of Enviri in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.25.
Enviri Price Performance
NVRI opened at $19.46 on Thursday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -9.35 and a beta of 1.59. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. The firm has a 50-day moving average price of $18.96 and a 200-day moving average price of $17.85. Enviri Corporation has a twelve month low of $7.35 and a twelve month high of $19.99.
Enviri (NYSE:NVRI – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.36. The firm had revenue of $549.80 million during the quarter, compared to the consensus estimate of $465.37 million. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) earnings per share. Equities analysts expect that Enviri Corporation will post -0.45 EPS for the current year.
About Enviri
Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.
Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.
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