Enviri Corporation (NYSE:NVRI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Enviri Corporation (NYSE:NVRI) have been assigned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $22.25.

Several research firms have recently weighed in on NVRI. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. BMO Capital Markets boosted their price target on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Enviri to a “hold” rating in a research note on Saturday, June 13th.

Insider Activity

In related news, CFO Peter Francis Minan purchased 8,333 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of $19.25 per share, for a total transaction of $160,410.25. Following the completion of the transaction, the chief financial officer directly owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. This trade represents a 102.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enviri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in Enviri by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,854,838 shares of the company’s stock valued at $33,243,000 after buying an additional 7,203 shares in the last quarter. Newtyn Management LLC raised its holdings in shares of Enviri by 69.1% during the 3rd quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock worth $21,484,000 after acquiring an additional 691,949 shares during the period. Davidson Kempner Capital Management LP purchased a new position in shares of Enviri during the 3rd quarter worth $21,367,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Enviri by 10.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,535,519 shares of the company’s stock worth $27,516,000 after acquiring an additional 140,634 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Enviri during the 4th quarter valued at about $26,880,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Stock Down 1.8%

NYSE NVRI opened at $22.12 on Friday. The business has a fifty day moving average price of $21.33 and a 200 day moving average price of $19.73. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.86 and a current ratio of 1.13. The company has a market cap of $621.80 million, a P/E ratio of -10.64 and a beta of 1.59. Enviri has a one year low of $7.70 and a one year high of $23.56.

Enviri (NYSE:NVRI) last announced its earnings results on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $465.37 million. During the same quarter in the previous year, the company posted ($0.18) EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. Research analysts anticipate that Enviri will post -0.45 EPS for the current fiscal year.

Enviri Dividend Announcement

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

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.