Enviri (NYSE:NVRI) Trading Up 9.7% – Here’s What Happened

Shares of Enviri Corporation (NYSE:NVRI) traded up 9.7% during mid-day trading on Thursday . The company traded as high as $19.42 and last traded at $19.48. 553,684 shares traded hands during trading, a decline of 65% from the average session volume of 1,591,410 shares. The stock had previously closed at $17.75.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NVRI shares. Lake Street Capital restated a “buy” rating and set a $25.00 price objective on shares of Enviri in a report on Wednesday, February 25th. BMO Capital Markets increased their target price on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. One equities research 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.25.

Enviri Price Performance

The business has a 50 day simple moving average of $19.50 and a 200-day simple moving average of $18.65. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -9.31 and a beta of 1.59. 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 (NYSE:NVRI) last posted its earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, topping 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 business had revenue of $549.80 million during the quarter, compared to analysts’ expectations of $465.37 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Equities research analysts expect that Enviri Corporation will post -0.45 earnings per share for the current year.

Enviri Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were issued a $15.00 dividend. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NVRI. KBC Group NV bought a new stake in shares of Enviri in the first quarter worth about $31,000. Rockefeller Capital Management L.P. raised its position in 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. Torren Management LLC purchased a new stake in Enviri in the 4th quarter worth approximately $37,000. Advisory Services Network LLC bought a new stake in shares of Enviri in the 3rd quarter worth approximately $27,000. Finally, State of Wyoming purchased a new position in shares of Enviri during the first quarter valued at approximately $68,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

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.