Enviri (NYSE:NVRI) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Enviri (NYSE:NVRI) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Several other equities analysts also recently weighed in on NVRI. BMO Capital Markets increased their target price on Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Weiss Ratings cut Enviri from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.50.

Enviri Trading Up 1.6%

Shares of NVRI opened at $23.74 on Friday. Enviri has a fifty-two week low of $11.15 and a fifty-two week high of $24.39. The company has a market capitalization of $669.34 million and a PE ratio of -37.69. The stock has a fifty day moving average of $20.49 and a two-hundred day moving average of $20.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.43.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.38. The business had revenue of $325.03 million for the quarter, compared to analyst estimates of $317.13 million. The business’s revenue for the quarter was down 43.5% compared to the same quarter last year. As a group, analysts forecast that Enviri will post -1.55 EPS for the current year.

Insiders Place Their Bets

In related news, Director Carolann Haznedar purchased 4,875 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were bought at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the acquisition, the director directly owned 42,955 shares in the company, valued at $878,859.30. This trade represents a 12.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Peter Minan acquired 2,946 shares of the stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $20.27 per share, with a total value of $59,715.42. Following the completion of the purchase, the chief financial officer directly owned 97,505 shares in the company, valued at approximately $1,976,426.35. This trade represents a 3.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enviri

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Enviri during the 2nd quarter valued at about $45,735,000. Bank of America Corp DE boosted its holdings in Enviri by 333.0% in the 1st quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock worth $17,894,000 after acquiring an additional 701,365 shares during the period. Paradigm Capital Management Inc. NY purchased a new position in Enviri in the 2nd quarter worth approximately $13,320,000. OMERS ADMINISTRATION Corp grew its position in Enviri by 183.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 921,561 shares of the company’s stock valued at $18,081,000 after acquiring an additional 596,861 shares in the last quarter. Finally, Newtyn Management LLC acquired a new stake in Enviri in the second quarter valued at approximately $8,214,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Company Profile

Enviri Corporation (NYSE: NVRI) is an environmental solutions company that provides services and products designed to help industrial, commercial and government customers manage waste, recover materials and improve resource efficiency. The company serves customers in multiple regions, with operations spanning North America, Europe and other international markets.

Enviri’s Harsco Environmental business provides environmental services to the global steel industry. Its activities include the processing and beneficial reuse of steel slag and other byproducts, metal recovery, slag handling, site services and the production of mineral-based products used in areas such as construction and infrastructure.

Through its Clean Earth business, Enviri manages hazardous and non-hazardous waste streams for industrial, healthcare, pharmaceutical, retail and government customers.