Enviri Corporation (NYSE:NVRI - Get Free Report) CFO Peter Francis Minan purchased 8,333 shares of the firm's stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $19.25 per share, for a total transaction of $160,410.25. Following the acquisition, the chief financial officer directly owned 16,434 shares in the company, valued at approximately $316,354.50. The trade was a 102.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Enviri Price Performance
Shares of NYSE:NVRI opened at $19.96 on Tuesday. The company's fifty day moving average price is $19.53 and its 200-day moving average price is $18.73. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -9.60 and a beta of 1.59. Enviri Corporation has a one year low of $7.70 and a one year high of $21.42. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.13 and a quick ratio of 0.86.
Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.36. The firm had revenue of $549.80 million for the quarter, compared to analyst estimates of $465.37 million. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) EPS. On average, equities research analysts anticipate that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.
Enviri Announces Dividend
The firm also recently disclosed a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were paid a $15.00 dividend. The ex-dividend date of this dividend was Monday, June 1st.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Enviri in a research note on Tuesday, April 21st. Lake Street Capital reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Enviri in a research note on Wednesday, February 25th. Finally, BMO Capital Markets upped their price objective on shares of Enviri from $19.00 to $19.50 and gave the company a "market perform" rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.25.
View Our Latest Report on NVRI
Institutional Investors Weigh In On Enviri
Institutional investors and hedge funds have recently modified their holdings of the stock. Bleakley Financial Group LLC increased its stake in shares of Enviri by 3.4% in the 1st quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company's stock worth $321,000 after acquiring an additional 531 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Enviri by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company's stock worth $317,000 after acquiring an additional 872 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Enviri by 204.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company's stock worth $34,000 after acquiring an additional 1,264 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Enviri by 14.0% in the 2nd 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 in the last quarter. Finally, KBC Group NV bought a new position in shares of Enviri in the 1st quarter worth about $31,000. 93.43% of the stock is owned by hedge funds and other institutional investors.
Enviri Company Profile
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Get Free Report)
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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