288,617 Shares in Enviri Corporation $NVRI Acquired by Meros Investment Management LP

Meros Investment Management LP purchased a new stake in Enviri Corporation (NYSE:NVRI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 288,617 shares of the company’s stock, valued at approximately $6,335,143,000. Enviri makes up about 2.0% of Meros Investment Management LP’s holdings, making the stock its 20th biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. Baird Financial Group Inc. bought a new position in Enviri during the 1st quarter valued at about $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Enviri by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock worth $313,000 after acquiring an additional 2,028 shares during the last quarter. Empowered Funds LLC grew its position in Enviri by 3.1% during the 1st quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock worth $2,638,000 after acquiring an additional 11,762 shares during the last quarter. Jane Street Group LLC increased its holdings in Enviri by 116.0% during the 1st quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock valued at $1,379,000 after purchasing an additional 111,359 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Enviri by 14.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after purchasing an additional 1,554 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Stock Up 2.9%

NVRI opened at $21.73 on Wednesday. The company has a fifty day moving average price of $21.98 and a two-hundred day moving average price of $20.20. Enviri Corporation has a 52 week low of $10.81 and a 52 week high of $24.20.

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

Enviri Announces Dividend

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

Insider Buying and Selling

In other news, Director Carolann I. Haznedar bought 4,875 shares of the stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $20.46 per share, with a total value of $99,742.50. Following the completion of the purchase, the director owned 42,955 shares of the company’s stock, valued at approximately $878,859.30. This trade represents a 12.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Peter Francis Minan bought 8,333 shares of the business’s stock in a transaction on Friday, June 5th. The stock was 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 of the company’s stock, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 16,154 shares of company stock valued at $319,868.

Analysts Set New Price Targets

NVRI has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded Enviri to a “hold” rating in a research report on Saturday, June 13th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.50.

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.