Enviri Corporation (NYSE:NVRI – Get Free Report) Director Carolann Haznedar bought 4,875 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the purchase, the director directly owned 42,955 shares in the company, valued at approximately $878,859.30. The trade was a 12.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Enviri Stock Down 5.7%
Shares of NVRI opened at $19.72 on Wednesday. The stock has a 50 day moving average of $21.99 and a 200 day moving average of $20.13. Enviri Corporation has a 12 month low of $9.90 and a 12 month high of $24.20.
Enviri (NYSE:NVRI – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The business had revenue of $324.00 million during the quarter, compared to analyst estimates of $370.97 million. The company’s revenue was down 66.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 earnings per share. Research analysts predict that Enviri Corporation will post -1.55 earnings per share for the current year.
Enviri Dividend Announcement
Wall Street Analyst Weigh In
A number of research analysts have weighed in on NVRI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Enviri to a “hold” rating in a research note on Saturday, June 13th. Finally, BMO Capital Markets upped their price objective on Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $24.50.
Check Out Our Latest Report on Enviri
Hedge Funds Weigh In On Enviri
Several large investors have recently modified their holdings of the business. Credit Industriel ET Commercial purchased a new stake in shares of Enviri in the fourth quarter worth $2,330,000. Hsbc Holdings PLC bought a new position in shares of Enviri during the first quarter valued at about $3,417,000. OMERS ADMINISTRATION Corp increased its position in shares of Enviri by 183.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 921,561 shares of the company’s stock valued at $18,081,000 after acquiring an additional 596,861 shares during the period. Carlson Capital L.P. purchased a new position in Enviri during the 4th quarter valued at $627,000. Finally, Intech Investment Management LLC raised its holdings in Enviri by 46.8% in the fourth quarter. Intech Investment Management LLC now owns 158,081 shares of the company’s stock worth $2,833,000 after purchasing an additional 50,416 shares in the last quarter. Hedge funds and other 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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