Credit Industriel ET Commercial Raises Position in Enviri Corporation $NVRI

Credit Industriel ET Commercial raised its holdings in shares of Enviri Corporation (NYSE:NVRI) by 38.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,000 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Credit Industriel ET Commercial owned about 0.22% of Enviri worth $3,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NVRI. Pertento Partners LLP purchased a new position in shares of Enviri during the third quarter worth about $43,542,000. Davidson Kempner Capital Management LP purchased a new position in Enviri in the 3rd quarter worth approximately $21,367,000. Hudson Bay Capital Management LP purchased a new position in Enviri in the 4th quarter worth approximately $26,880,000. Highbridge Capital Management LLC bought a new position in shares of Enviri in the 4th quarter worth $26,802,000. Finally, Millennium Management LLC increased its holdings in shares of Enviri by 4,621.0% in the 3rd 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. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Insider Buying and Selling

In related news, CFO Peter Francis Minan bought 8,333 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $19.25 per share, with a total value of $160,410.25. Following the transaction, the chief financial officer owned 16,434 shares in the company, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVRI. BMO Capital Markets lifted their price objective on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised Enviri to a “hold” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.25.

Enviri Price Performance

Shares of Enviri stock opened at $23.05 on Tuesday. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.86 and a current ratio of 1.13. Enviri Corporation has a 52-week low of $7.70 and a 52-week high of $23.56. The company has a fifty day moving average of $20.41 and a 200-day moving average of $19.30. The stock has a market capitalization of $647.66 million, a price-to-earnings ratio of -11.08 and a beta of 1.59.

Enviri (NYSE:NVRI) last issued its 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 company had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $465.37 million. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) EPS. Equities research analysts expect that Enviri Corporation will post -0.45 EPS for the current year.

Enviri Dividend Announcement

The business also recently disclosed 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 was Monday, June 1st.

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.