Enviri Corporation (NYSE:NVRI – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $23.56 and last traded at $22.8350, with a volume of 15278 shares trading hands. The stock had previously closed at $22.91.
Analyst Ratings Changes
Several research analysts have commented on NVRI shares. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. BMO Capital Markets raised their target price on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen raised Enviri to a “hold” rating in a report on Saturday, June 13th. One investment 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, Enviri currently has a consensus rating of “Hold” and an average price target of $22.25.
View Our Latest Research Report on Enviri
Enviri Price Performance
Enviri (NYSE:NVRI – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $549.80 million for the quarter, compared to analyst estimates of $465.37 million. During the same period last year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts anticipate that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.
Enviri Announces Dividend
The firm also recently announced 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 Transactions at Enviri
In other Enviri news, CFO Peter Francis Minan purchased 8,333 shares of the company’s stock in a transaction dated 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 purchase, the chief financial officer owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. The trade was a 102.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.50% of the company’s stock.
Institutional Trading of Enviri
Institutional investors have recently modified their holdings of the business. Baird Financial Group Inc. bought a new position in Enviri during the 1st quarter worth $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Enviri by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock valued at $313,000 after buying an additional 2,028 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Enviri by 3.1% in the first quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock valued at $2,638,000 after buying an additional 11,762 shares during the period. Jane Street Group LLC increased its stake in shares of Enviri by 116.0% in the first quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock valued at $1,379,000 after buying an additional 111,359 shares during the period. Finally, Envestnet Asset Management Inc. raised 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 acquiring an additional 1,554 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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