ExodusPoint Capital Management LP acquired a new stake in shares of Enviri Corporation (NYSE:NVRI – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 864,477 shares of the company’s stock, valued at approximately $15,491,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its position in Enviri by 5.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock valued at $317,000 after purchasing an additional 872 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Enviri by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock valued at $313,000 after purchasing an additional 2,028 shares in the last quarter. Torren Management LLC bought a new stake in Enviri during the fourth quarter valued at about $37,000. Finally, Advisory Services Network LLC bought a new stake in Enviri during the third quarter valued at about $27,000. Institutional investors own 93.43% of the company’s stock.
Enviri Trading Up 1.3%
Shares of NYSE:NVRI opened at $20.97 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. Enviri Corporation has a 52-week low of $7.70 and a 52-week high of $21.91. The stock has a market cap of $589.45 million, a price-to-earnings ratio of -10.08 and a beta of 1.59. The business has a 50-day moving average price of $19.70 and a 200-day moving average price of $18.92.
Enviri Announces Dividend
The company also recently announced a dividend, which was paid on Monday, June 1st. Investors of record on Friday, January 1st were issued a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.
Insider Activity at Enviri
In other news, CFO Peter Francis Minan bought 8,333 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $19.25 per share, with a total value of $160,410.25. Following the completion of the acquisition, the chief financial officer directly owned 16,434 shares of the company’s stock, valued at $316,354.50. This trade represents a 102.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
NVRI has been the subject of a number of research analyst reports. Wall Street Zen upgraded Enviri to a “hold” rating in a research note on Saturday. BMO Capital Markets increased their price target on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price target on shares of Enviri in a research note on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Enviri has an average rating of “Hold” and an average target price of $22.25.
Get Our Latest Stock Report on NVRI
Enviri 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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