Enviri (NYSE:NVRI) Reaches New 12-Month High – Here’s What Happened

Enviri Corporation (NYSE:NVRI) hit a new 52-week high during trading on Tuesday . The company traded as high as $21.91 and last traded at $20.6320, with a volume of 262301 shares trading hands. The stock had previously closed at $21.35.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Lake Street Capital reissued a “buy” rating and set a $25.00 price objective on shares of Enviri in a report on Wednesday, February 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Wall Street Zen raised Enviri to a “hold” rating in a report on Saturday. 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 report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Enviri has an average rating of “Hold” and an average price target of $22.25.

Enviri Price Performance

The business has a fifty day moving average of $19.68 and a 200-day moving average of $18.90. The firm has a market cap of $579.84 million, a PE ratio of -9.92 and a beta of 1.59. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.36. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The firm had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $465.37 million. During the same quarter last year, the firm posted ($0.18) EPS. The company’s revenue was up .3% compared to the same quarter last year. As a group, research analysts predict that Enviri Corporation will post -0.45 earnings per share for the current year.

Enviri Announces Dividend

The firm also recently declared 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 Buying and Selling at Enviri

In other Enviri news, CFO Peter Francis Minan purchased 8,333 shares of the stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $19.25 per share, with a total value of $160,410.25. Following the acquisition, the chief financial officer directly owned 16,434 shares in the company, valued at approximately $316,354.50. The trade was a 102.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.

Institutional Trading of Enviri

Several institutional investors and hedge funds have recently modified their holdings of the business. Bleakley Financial Group LLC raised its holdings in shares of Enviri by 3.4% in the 1st quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company’s stock valued at $321,000 after acquiring an additional 531 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Enviri by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock valued at $317,000 after acquiring an additional 872 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Enviri by 204.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after purchasing an additional 1,264 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Enviri by 14.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after purchasing an additional 1,554 shares during the last quarter. Finally, KBC Group NV bought a new position in shares of Enviri during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

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.