Enviri (NYSE:NVRI) Sets New 12-Month High – Time to Buy?

Enviri Corporation (NYSE:NVRI)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $21.46 and last traded at $20.8350, with a volume of 34125 shares. The stock had previously closed at $21.13.

Wall Street Analysts Forecast Growth

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

Enviri Stock Performance

The company has a market cap of $1.74 billion, a price-to-earnings ratio of -10.09 and a beta of 1.59. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.13 and a quick ratio of 0.86. The stock has a 50-day moving average price of $19.57 and a 200 day moving average price of $18.79.

Enviri (NYSE:NVRI) last released its quarterly 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. The company had revenue of $549.80 million for the quarter, compared to analyst estimates of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.Enviri’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. As a group, analysts anticipate that Enviri Corporation will post -0.45 EPS for the current fiscal year.

Enviri Announces Dividend

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

Insider Transactions at Enviri

In other news, 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 acquired at an average price of $19.25 per share, with a total value of $160,410.25. Following the transaction, the chief financial officer owned 16,434 shares in the company, valued at $316,354.50. This represents a 102.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Enviri

A number of hedge funds and other institutional investors have recently bought and sold shares of NVRI. Advisory Services Network LLC bought a new stake in shares of Enviri in the third quarter worth $27,000. KBC Group NV bought a new stake in shares of Enviri in the first quarter worth $31,000. Rockefeller Capital Management L.P. lifted its position in shares of Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock worth $34,000 after purchasing an additional 1,264 shares in the last quarter. Torren Management LLC bought a new stake in shares of Enviri in the fourth quarter worth $37,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Enviri by 43.8% in the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after purchasing an additional 2,322 shares in the last quarter. Institutional investors and hedge funds 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.