Enviri Corporation (NYSE:NVRI – Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $21.46 and last traded at $20.8350, with a volume of 34125 shares trading hands. The stock had previously closed at $21.13.
Analyst Upgrades and Downgrades
Several research firms have weighed in on NVRI. Lake Street Capital restated a “buy” rating and issued a $25.00 price objective on shares of Enviri in a research report on Wednesday, February 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Finally, BMO Capital Markets raised their price objective on shares of Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research report on Tuesday, May 12th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.25.
Check Out Our Latest Analysis on NVRI
Enviri Stock Down 0.7%
Enviri (NYSE:NVRI – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.36. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The business had revenue of $549.80 million for the quarter, compared to analyst estimates of $465.37 million. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities analysts predict that Enviri Corporation will post -0.45 EPS for the current fiscal year.
Enviri Dividend Announcement
The company also recently declared a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were paid a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.
Insider Activity
In other news, CFO Peter Francis Minan purchased 8,333 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $19.25 per share, with a total value of $160,410.25. Following the completion of the purchase, the chief financial officer directly owned 16,434 shares of the company’s stock, valued at $316,354.50. The trade was a 102.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On Enviri
Several hedge funds have recently added to or reduced their stakes in NVRI. Advisory Services Network LLC acquired a new position in Enviri in the third quarter valued at about $27,000. KBC Group NV acquired a new position in Enviri in the first quarter valued at about $31,000. Rockefeller Capital Management L.P. lifted its stake 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 buying an additional 1,264 shares during the period. Torren Management LLC bought a new position in Enviri during the 4th quarter worth approximately $37,000. Finally, BNP Paribas Financial Markets boosted its stake in 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 and hedge funds 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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