Shares of Enviri Corporation (NYSE:NVRI – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.00 and last traded at $19.95, with a volume of 2567544 shares trading hands. The stock had previously closed at $19.60.
Analyst Upgrades and Downgrades
NVRI has been the subject of a number of recent research reports. Lake Street Capital reissued a “buy” rating and issued a $25.00 price objective on shares of Enviri in a research note on Wednesday, February 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. Finally, BMO Capital Markets lifted their price target on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.25.
View Our Latest Report on Enviri
Enviri Stock Performance
Enviri (NYSE:NVRI – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.36. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The company had revenue of $549.80 million for the quarter, compared to analyst estimates of $465.37 million. During the same period in the previous year, the firm earned ($0.18) EPS. The business’s revenue was up .3% on a year-over-year basis. Equities analysts predict that Enviri Corporation will post -0.45 EPS for the current year.
Enviri Dividend Announcement
The business also recently announced a dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, January 1st will be paid a $15.00 dividend. The ex-dividend date is Monday, June 1st.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of NVRI. Advisory Services Network LLC acquired a new position in shares of Enviri in the third quarter valued at $27,000. KBC Group NV bought a new stake in Enviri in the 1st quarter valued at $31,000. Rockefeller Capital Management L.P. grew its position in Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after purchasing an additional 1,264 shares in the last quarter. Torren Management LLC acquired a new position in Enviri during the fourth quarter worth $37,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Enviri by 43.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after acquiring an additional 2,322 shares during the last quarter. Institutional investors own 93.43% of the company’s stock.
Enviri Company Profile
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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