Enviri Corporation (NYSE:NVRI) Receives Consensus Rating of “Hold” from Brokerages

by · The Markets Daily

Shares of Enviri Corporation (NYSE:NVRIGet Free Report) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $24.50.

Several equities analysts recently commented on NVRI shares. BMO Capital Markets boosted their price target on Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Wall Street Zen raised shares of Enviri to a “hold” rating in a research report on Saturday, June 13th.

Check Out Our Latest Stock Analysis on Enviri

Enviri Stock Up 4.2%

Shares of NVRI opened at $20.50 on Thursday. The stock’s fifty day simple moving average is $21.99 and its 200 day simple moving average is $20.14. Enviri has a twelve month low of $10.10 and a twelve month high of $24.20.

Enviri (NYSE:NVRIGet Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The business had revenue of $324.00 million for the quarter, compared to the consensus estimate of $370.97 million. During the same period in the prior year, the company posted $0.22 EPS. The firm’s revenue for the quarter was down 66.7% compared to the same quarter last year. On average, sell-side analysts predict that Enviri will post -1.55 earnings per share for the current year.

Enviri Announces Dividend

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

Insider Buying and Selling

In other news, CFO Peter Francis Minan purchased 8,333 shares of the stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of $19.25 per share, for a total transaction of $160,410.25. Following the completion of the transaction, the chief financial officer owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. The trade was a 102.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carolann I. Haznedar acquired 4,875 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average cost of $20.46 per share, with a total value of $99,742.50. Following the completion of the acquisition, the director directly owned 42,955 shares in the company, valued at approximately $878,859.30. This represents a 12.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 16,154 shares of company stock valued at $319,868. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enviri

Several large investors have recently bought and sold shares of NVRI. Baird Financial Group Inc. acquired a new position in Enviri during the first quarter worth about $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $313,000 after purchasing an additional 2,028 shares in the last quarter. Empowered Funds LLC boosted 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 period. Jane Street Group LLC boosted its holdings in shares of Enviri by 116.0% during the first quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock worth $1,379,000 after purchasing an additional 111,359 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Enviri by 14.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after acquiring an additional 1,554 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

About Enviri

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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.

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