Enviri Corporation $NVRI Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Enviri Corporation (NYSE:NVRI) by 46.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,081 shares of the company’s stock after buying an additional 50,416 shares during the quarter. Intech Investment Management LLC’s holdings in Enviri were worth $2,833,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NVRI. Baird Financial Group Inc. acquired a new position in Enviri in the 1st quarter worth $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Enviri by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock worth $313,000 after purchasing an additional 2,028 shares during the last quarter. Empowered Funds LLC increased its position in shares of Enviri by 3.1% in the 1st quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock worth $2,638,000 after purchasing an additional 11,762 shares during the last quarter. Jane Street Group LLC increased its position in shares of Enviri by 116.0% in the 1st quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock worth $1,379,000 after purchasing an additional 111,359 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Enviri by 14.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after purchasing an additional 1,554 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Price Performance

Shares of NYSE:NVRI opened at $19.18 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. Enviri Corporation has a fifty-two week low of $7.70 and a fifty-two week high of $21.42. The firm has a 50-day simple moving average of $19.45 and a 200 day simple moving average of $18.52. The company has a market cap of $1.59 billion, a PE ratio of -9.22 and a beta of 1.59.

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

Enviri Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 1st. Investors of record on Friday, January 1st were given a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVRI. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Lake Street Capital reissued a “buy” rating and issued a $25.00 target price on shares of Enviri in a research report on Wednesday, February 25th. Finally, BMO Capital Markets boosted their target price on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.25.

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.