Enviri (NYSE:NVRI) Reaches New 1-Year High – What’s Next?

Enviri Corporation (NYSE:NVRI) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.67 and last traded at $23.9050, with a volume of 64491 shares changing hands. The stock had previously closed at $23.15.

Analyst Upgrades and Downgrades

NVRI has been the subject of several recent analyst reports. BMO Capital Markets boosted their price objective on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Enviri to a “hold” rating in a research note on Saturday, June 13th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.25.

Enviri Stock Performance

The company has a 50 day simple moving average of $21.67 and a 200-day simple moving average of $19.92. 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 market cap of $671.43 million, a P/E ratio of -11.50 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. The company had revenue of $549.80 million for the quarter, compared to analysts’ expectations 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 for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm posted ($0.18) EPS. On average, equities analysts expect that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.

Enviri Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 1st. Investors 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.

Insiders Place Their Bets

In related news, CFO Peter Francis Minan acquired 8,333 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased 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 represents a 102.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enviri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Enviri by 121.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 162,450 shares of the company’s stock valued at $2,061,000 after buying an additional 89,227 shares in the last quarter. Credit Industriel ET Commercial purchased a new stake in shares of Enviri in the 4th quarter worth about $2,330,000. OMERS ADMINISTRATION Corp increased its stake in shares of Enviri by 183.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 921,561 shares of the company’s stock worth $18,081,000 after acquiring an additional 596,861 shares in the last quarter. Carlson Capital L.P. purchased a new position in Enviri during the 4th quarter valued at about $627,000. Finally, Union Square Park Capital Management LLC purchased a new position in Enviri during the 4th quarter valued at about $3,226,000. 93.43% of the stock is currently owned by institutional investors.

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.