Enviri (NYSE:NVRI) Upgraded to Hold at Wall Street Zen

Enviri (NYSE:NVRI) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. Lake Street Capital reiterated a “buy” rating and set a $25.00 price objective on shares of Enviri in a research note on Wednesday, February 25th. Finally, BMO Capital Markets increased their price objective on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.25.

Enviri Stock Performance

NVRI opened at $21.39 on Friday. Enviri has a 1 year low of $7.70 and a 1 year high of $21.74. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66. The stock’s 50 day simple moving average is $19.67 and its 200-day simple moving average is $18.88. The stock has a market cap of $601.26 million, a PE ratio of -10.29 and a beta of 1.59.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, topping 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 firm had revenue of $549.80 million for the quarter, compared to the consensus estimate of $465.37 million. During the same quarter in the previous year, the company earned ($0.18) earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Sell-side analysts forecast that Enviri will post -0.45 EPS for the current year.

Insider Buying and Selling at Enviri

In other Enviri news, CFO Peter Francis Minan bought 8,333 shares of the 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 completion of the purchase, the chief financial officer owned 16,434 shares in the company, valued at $316,354.50. This represents a 102.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Enviri

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of Enviri by 333.0% in the first quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock valued at $17,894,000 after buying an additional 701,365 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Enviri in the first quarter valued at $5,935,000. California State Teachers Retirement System increased its stake in shares of Enviri by 37.0% in the first quarter. California State Teachers Retirement System now owns 94,472 shares of the company’s stock valued at $1,854,000 after buying an additional 25,529 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Enviri by 48.7% in the first quarter. The Manufacturers Life Insurance Company now owns 33,838 shares of the company’s stock valued at $664,000 after acquiring an additional 11,076 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Enviri by 6.3% in the first quarter. Quantinno Capital Management LP now owns 53,336 shares of the company’s stock valued at $1,046,000 after acquiring an additional 3,139 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors and hedge funds.

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.