Barrow Hanley Mewhinney & Strauss LLC Sells 241,764 Shares of Enviri Co. (NYSE:NVRI)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in Enviri Co. (NYSE:NVRI) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,057,167 shares of the company’s stock after selling 241,764 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 6.31% of Enviri worth $38,940,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new position in shares of Enviri in the 4th quarter worth approximately $78,000. Envestnet Asset Management Inc. acquired a new position in shares of Enviri in the 4th quarter worth approximately $86,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Enviri by 17.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock worth $86,000 after buying an additional 1,631 shares in the last quarter. AXQ Capital LP acquired a new position in shares of Enviri in the 4th quarter worth approximately $88,000. Finally, Nebula Research & Development LLC acquired a new position in shares of Enviri in the 4th quarter worth approximately $93,000. Institutional investors own 93.43% of the company’s stock.

Enviri Trading Up 1.1%

Shares of NVRI opened at $7.67 on Friday. Enviri Co. has a 1 year low of $4.72 and a 1 year high of $12.79. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The stock has a 50 day simple moving average of $6.62 and a 200-day simple moving average of $7.39. The stock has a market cap of $615.23 million, a PE ratio of -4.82 and a beta of 1.79.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The business had revenue of $548.28 million during the quarter, compared to analysts’ expectations of $560.00 million. During the same period in the prior year, the firm posted ($0.03) EPS. Enviri’s quarterly revenue was down 8.7% compared to the same quarter last year. On average, sell-side analysts predict that Enviri Co. will post -0.13 EPS for the current fiscal year.

Insider Activity at Enviri

In other news, SVP Russell C. Hochman acquired 40,127 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the transaction, the senior vice president now owns 120,357 shares of the company’s stock, valued at approximately $754,638.39. This represents a 50.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Tom George Vadaketh acquired 40,297 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was purchased at an average price of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the transaction, the chief financial officer now directly owns 132,431 shares in the company, valued at approximately $821,072.20. The trade was a 43.74% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.

Enviri Profile

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.