Key Points
- Insider buying: Enviri CFO Peter Francis Minan purchased 2,946 shares at an average price of $20.27, increasing his holdings by 3.12% to 97,505 shares. He also bought 8,333 shares in June.
- Weak quarterly results: Enviri reported a quarterly loss of $0.63 per share, missing estimates by $0.32, while revenue of $324 million fell 66.7% year over year and missed expectations.
- Mixed market outlook: Institutional investors own 93.43% of the stock, while analysts maintain a consensus “Hold” rating with an average price target of $24.50.
Enviri Corporation (NYSE:NVRI - Get Free Report) CFO Peter Francis Minan bought 2,946 shares of Enviri stock in a transaction on Tuesday, August 18th. The stock was purchased at an average price of $20.27 per share, for a total transaction of $59,715.42. Following the completion of the acquisition, the chief financial officer owned 97,505 shares in the company, valued at $1,976,426.35. This represents a 3.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Peter Francis Minan also recently made the following trade(s):
- On Friday, June 5th, Peter Francis Minan purchased 8,333 shares of Enviri stock. The stock was acquired at an average price of $19.25 per share, with a total value of $160,410.25.
Enviri Stock Up 4.2%
NYSE NVRI opened at $20.50 on Thursday. Enviri Corporation has a 12 month low of $10.10 and a 12 month high of $24.20. The company has a 50-day moving average of $21.99 and a 200-day moving average of $20.14.
Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The business had revenue of $324.00 million for the quarter, compared to the consensus estimate of $370.97 million. During the same period in the prior year, the company posted $0.22 EPS. The firm's revenue for the quarter was down 66.7% compared to the same quarter last year. On average, sell-side analysts forecast that Enviri Corporation will post -1.55 EPS for the current year.
Enviri Announces Dividend
The firm also recently disclosed a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, January 1st were paid a dividend of $15.00 per share. The ex-dividend date was Monday, June 1st.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in NVRI. BlackRock Inc. bought a new position in Enviri during the second quarter valued at about $45,735,000. Davidson Kempner Capital Management LP bought a new stake in Enviri in the third quarter worth about $21,367,000. Hudson Bay Capital Management LP acquired a new stake in Enviri in the 4th quarter valued at about $26,880,000. Highbridge Capital Management LLC acquired a new stake in Enviri in the 4th quarter valued at about $26,802,000. Finally, Millennium Management LLC boosted its position in shares of Enviri by 4,621.0% during the 3rd quarter. Millennium Management LLC now owns 1,347,373 shares of the company's stock valued at $17,098,000 after purchasing an additional 1,318,833 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
NVRI has been the subject of several recent analyst reports. Wall Street Zen raised shares of Enviri to a "hold" rating in a research report on Saturday, June 13th. BMO Capital Markets increased their price target on shares of Enviri from $21.00 to $24.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 12th. One 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $24.50.
Get Our Latest Stock Report on Enviri
Enviri Company Profile
(
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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