Enviri Corporation (NYSE:NVRI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Enviri Corporation (NYSE:NVRI) have earned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $22.25.

A number of analysts have recently commented on the stock. BMO Capital Markets lifted their price target 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Enviri to a “hold” rating in a research note on Saturday, June 13th.

Enviri Stock Performance

Shares of NVRI stock opened at $22.07 on Wednesday. The company has a 50 day moving average price of $20.13 and a 200-day moving average price of $19.16. Enviri has a 52 week low of $7.70 and a 52 week high of $22.26. The firm has a market capitalization of $620.11 million, a PE ratio of -10.61 and a beta of 1.59. 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 announced 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. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The firm had revenue of $549.80 million during the quarter, compared to analyst estimates of $465.37 million. During the same period in the previous year, the business posted ($0.18) earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities research analysts expect that Enviri will post -0.45 earnings per share for the current year.

Enviri Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were paid a $15.00 dividend. The ex-dividend date was Monday, June 1st.

Insider Activity

In other Enviri news, CFO Peter Francis Minan acquired 8,333 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $19.25 per share, with a total value of $160,410.25. Following the completion of the acquisition, the chief financial officer owned 16,434 shares in the company, valued at $316,354.50. This represents a 102.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Enviri

A number of institutional investors and hedge funds have recently made changes to their positions in NVRI. Baird Financial Group Inc. purchased a new position in shares of Enviri in the first quarter worth approximately $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Enviri by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock worth $313,000 after buying an additional 2,028 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Enviri by 3.1% in the first quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock worth $2,638,000 after buying an additional 11,762 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Enviri by 116.0% in the first quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock worth $1,379,000 after buying an additional 111,359 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Enviri by 14.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after buying an additional 1,554 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

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.