Enviri (NYSE:NVRI) Sets New 1-Year High – Here’s Why

Enviri Corporation (NYSE:NVRI) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $22.14 and last traded at $21.9680, with a volume of 507477 shares changing hands. The stock had previously closed at $22.01.

Analyst Upgrades and Downgrades

NVRI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Enviri to a “hold” rating in a research report on Saturday, June 13th. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of Enviri in a research note on Wednesday, February 25th. Finally, BMO Capital Markets lifted their price target on shares of Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a report on Tuesday, May 12th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.25.

Enviri Stock Performance

The company has a market capitalization of $619.24 million, a P/E ratio of -10.57 and a beta of 1.59. The business has a 50 day moving average of $19.83 and a 200 day moving average of $18.99. 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 (NYSE:NVRI) last released its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.36. The business had revenue of $549.80 million for the quarter, compared to the consensus estimate of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) EPS. On average, sell-side analysts predict that Enviri Corporation will post -0.45 earnings per share for the current year.

Enviri Dividend Announcement

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

Insiders Place Their Bets

In other Enviri news, CFO Peter Francis Minan purchased 8,333 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $19.25 per share, with a total value of $160,410.25. Following the acquisition, the chief financial officer owned 16,434 shares in the company, valued at approximately $316,354.50. The trade was a 102.86% 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. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Enviri

Institutional investors have recently modified their holdings of the stock. Bleakley Financial Group LLC raised its position in Enviri by 3.4% in the 1st quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company’s stock worth $321,000 after purchasing an additional 531 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Enviri by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock worth $317,000 after buying an additional 872 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Enviri by 204.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after buying an additional 1,264 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after buying an additional 1,554 shares during the period. Finally, KBC Group NV bought a new stake in shares of Enviri in the first quarter valued at about $31,000. 93.43% of the stock is owned by institutional investors.

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.