Hsbc Holdings PLC Takes Position in Enviri Corporation $NVRI

Hsbc Holdings PLC bought a new stake in shares of Enviri Corporation (NYSE:NVRI) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 173,982 shares of the company’s stock, valued at approximately $3,417,000.

Several other large investors have also added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its holdings in Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock worth $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 4th quarter worth approximately $37,000. Advisory Services Network LLC bought a new position in shares of Enviri during the 3rd quarter worth approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of Enviri during the 1st quarter worth approximately $102,000. Finally, BNP Paribas Financial Markets grew its position in shares of Enviri by 43.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after buying an additional 2,322 shares during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.

Insider Buying and Selling at Enviri

In other news, CFO Peter Francis Minan purchased 8,333 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $19.25 per share, with a total value 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by insiders.

Enviri Trading Down 1.8%

Shares of Enviri stock opened at $22.12 on Friday. The stock has a fifty day simple moving average of $21.33 and a 200 day simple moving average of $19.73. Enviri Corporation has a 12-month low of $7.70 and a 12-month high of $23.56. The company has a market capitalization of $621.80 million, a P/E ratio of -10.64 and a beta of 1.59. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.36. The business 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%.The business’s revenue was up .3% on a year-over-year basis. During the same period last year, the business earned ($0.18) EPS. On average, sell-side analysts anticipate that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.

Enviri Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NVRI shares. BMO Capital Markets boosted their target price on shares of Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research report on Tuesday, May 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.25.

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.