Enviri (NYSE:NVRI) Director Acquires $99,742.50 in Stock

Enviri Corporation (NYSE:NVRI) Director Carolann Haznedar purchased 4,875 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of $20.46 per share, with a total value of $99,742.50. Following the transaction, the director owned 42,955 shares of the company’s stock, valued at $878,859.30. This represents a 12.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Enviri Price Performance

Shares of NYSE NVRI opened at $20.30 on Friday. Enviri Corporation has a 1-year low of $10.24 and a 1-year high of $24.20. The business’s 50 day moving average is $21.97 and its two-hundred day moving average is $20.15.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The firm had revenue of $324.00 million during the quarter, compared to analyst estimates of $370.97 million. Enviri’s revenue was down 66.7% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. On average, research analysts predict that Enviri Corporation will post -1.55 EPS for the current year.

Enviri Dividend Announcement

The business also recently declared 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 was Monday, June 1st.

Wall Street Analysts Forecast Growth

NVRI has been the topic of several recent analyst reports. Wall Street Zen raised shares of Enviri to a “hold” rating in a research note on Saturday, June 13th. BMO Capital Markets lifted their price target on shares of Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in shares of Enviri in the 3rd quarter valued at about $27,000. KBC Group NV purchased a new stake in shares of Enviri in the 1st quarter worth approximately $31,000. Rockefeller Capital Management L.P. boosted 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 purchasing an additional 1,264 shares in the last quarter. Torren Management LLC bought a new position in shares of Enviri during the fourth quarter valued at approximately $37,000. Finally, State of Wyoming purchased a new position in Enviri during the second quarter valued at approximately $46,000. 93.43% of the stock is currently 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.