Enviri (NYSE:NVRI) CFO Peter Francis Minan Buys 8,333 Shares

Enviri Corporation (NYSE:NVRI) CFO Peter Francis Minan bought 8,333 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $19.25 per share, for a total transaction of $160,410.25. Following the completion of the acquisition, the chief financial officer owned 16,434 shares in the company, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Enviri Stock Up 3.4%

NYSE NVRI traded up $0.66 during mid-day trading on Monday, reaching $19.96. 733,577 shares of the company’s stock traded hands, compared to its average volume of 1,578,763. Enviri Corporation has a 1-year low of $7.70 and a 1-year high of $21.42. The company has a fifty day simple moving average of $19.50 and a 200-day simple moving average of $18.68. 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 company has a market cap of $1.65 billion, a price-to-earnings ratio of -9.60 and a beta of 1.59.

Enviri (NYSE:NVRI) last released its earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $549.80 million for the quarter, compared to the consensus estimate of $465.37 million. During the same quarter last year, the business posted ($0.18) EPS. Enviri’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that Enviri Corporation will post -0.45 EPS for the current year.

Enviri Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, January 1st were issued a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.

Hedge Funds Weigh In On Enviri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Enviri by 333.0% in the 1st quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock worth $17,894,000 after buying an additional 701,365 shares in the last quarter. Edgestream Partners L.P. bought a new position in Enviri in the 1st quarter worth approximately $5,935,000. California State Teachers Retirement System grew its holdings in Enviri by 37.0% in the 1st quarter. California State Teachers Retirement System now owns 94,472 shares of the company’s stock worth $1,854,000 after buying an additional 25,529 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Enviri by 48.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 33,838 shares of the company’s stock worth $664,000 after buying an additional 11,076 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Enviri by 6.3% in the 1st quarter. Quantinno Capital Management LP now owns 53,336 shares of the company’s stock worth $1,046,000 after buying an additional 3,139 shares in the last quarter. 93.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVRI has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. BMO Capital Markets increased their price target on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. Finally, Lake Street Capital reiterated a “buy” rating and set a $25.00 price target on shares of Enviri in a research report on Wednesday, February 25th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.25.

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.