Enviri Corporation (NYSE:NVRI) Receives Average Rating of “Hold” from Brokerages

Shares of Enviri Corporation (NYSE:NVRI) have received an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $22.25.

Several equities research analysts have commented on the company. Wall Street Zen raised Enviri to a “hold” rating in a report on Saturday, June 13th. BMO Capital Markets raised their price target on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st.

Enviri Trading Up 0.8%

Shares of NYSE NVRI opened at $22.07 on Wednesday. Enviri has a 1 year low of $7.70 and a 1 year high of $22.26. The stock has a market cap of $620.11 million, a P/E ratio of -10.61 and a beta of 1.59. The firm has a 50-day moving average of $20.13 and a 200 day moving average of $19.16. 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) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.36. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The company had revenue of $549.80 million during the quarter, compared to analysts’ expectations of $465.37 million. During the same period last year, the company posted ($0.18) EPS. Enviri’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts expect that Enviri will post -0.45 EPS for the current fiscal year.

Enviri Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, January 1st were issued a $15.00 dividend. The ex-dividend date of this dividend was Monday, June 1st.

Insider Transactions at Enviri

In other news, CFO Peter Francis Minan bought 8,333 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $19.25 per share, with a total value of $160,410.25. Following the completion of the acquisition, the chief financial officer owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. This represents a 102.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NVRI. Pertento Partners LLP purchased a new position in Enviri in the third quarter worth about $43,542,000. Davidson Kempner Capital Management LP purchased a new position in Enviri in the third quarter worth about $21,367,000. Hudson Bay Capital Management LP purchased a new position in Enviri in the fourth quarter worth about $26,880,000. Highbridge Capital Management LLC purchased a new position in Enviri in the fourth quarter worth about $26,802,000. Finally, Millennium Management LLC raised its holdings in Enviri by 4,621.0% in the third quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock worth $17,098,000 after buying an additional 1,318,833 shares during the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.

About Enviri

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.