Enviri Corporation (NYSE:NVRI - Get Free Report) Director Carolann Haznedar purchased 4,875 shares of the company's stock in a transaction dated Monday, August 17th. The stock was purchased at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the completion of the purchase, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through this link.
Enviri Stock Down 5.7%
Shares of Enviri stock opened at $19.72 on Wednesday. The stock's fifty day moving average is $21.99 and its 200 day moving average is $20.13. Enviri Corporation has a one year low of $9.90 and a one year high of $24.20.
Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.32). The business had revenue of $324.00 million for the quarter, compared to analyst estimates of $370.97 million. Enviri's revenue for the quarter was down 66.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. On average, equities analysts expect that Enviri Corporation will post -1.55 earnings per share for the current fiscal year.
Enviri Announces Dividend
The company also recently disclosed a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, January 1st were paid a $15.00 dividend. The ex-dividend date of this dividend was Monday, June 1st.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Baird Financial Group Inc. purchased a new position in Enviri during the first quarter valued at $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $313,000 after acquiring an additional 2,028 shares in the last quarter. Empowered Funds LLC lifted its position 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 acquiring an additional 11,762 shares in the last quarter. Jane Street Group LLC boosted 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 worth $1,379,000 after acquiring an additional 111,359 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Enviri by 14.0% in 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. 93.43% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on NVRI. Weiss Ratings reissued a "sell (d-)" rating on shares of Enviri in a research note on Tuesday, April 21st. Wall Street Zen upgraded Enviri to a "hold" rating in a research note on Saturday, June 13th. Finally, BMO Capital Markets lifted their price objective on shares of Enviri from $21.00 to $24.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 12th. One equities research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $24.50.
Check Out Our Latest Report on NVRI
About Enviri
(
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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