Enviri Corporation (NYSE:NVRI – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $22.14 and last traded at $21.9680, with a volume of 507477 shares changing hands. The stock had previously closed at $22.01.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on NVRI shares. Lake Street Capital reissued a “buy” rating and issued a $25.00 target price on shares of Enviri in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. BMO Capital Markets increased their price objective on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Enviri to a “hold” rating in a research report on Saturday, June 13th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.25.
Read Our Latest Stock Analysis on Enviri
Enviri Stock Up 0.1%
Enviri (NYSE:NVRI – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.36. The firm had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS. On average, equities analysts anticipate that Enviri Corporation will post -0.45 earnings per share for the current year.
Enviri Dividend Announcement
The company also recently declared a dividend, which was paid on Monday, June 1st. Shareholders 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
In other news, CFO Peter Francis Minan acquired 8,333 shares of Enviri stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost 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 in the company, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. purchased a new stake in Enviri in the 1st quarter worth $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Enviri by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock worth $313,000 after acquiring an additional 2,028 shares during the period. Empowered Funds LLC grew its position in shares of Enviri by 3.1% during the first quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock worth $2,638,000 after purchasing an additional 11,762 shares in the last quarter. Jane Street Group LLC grew its position in shares of Enviri by 116.0% during the first quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock worth $1,379,000 after purchasing an additional 111,359 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew 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 worth $110,000 after purchasing an additional 1,554 shares in 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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