Enviri (NYSE:NVRI) CFO Purchases $160,410.25 in Stock

Enviri Corporation (NYSE:NVRI) CFO Peter Francis Minan purchased 8,333 shares of the business’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $19.25 per share, with a total value of $160,410.25. Following the purchase, the chief financial officer directly 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 document filed with the SEC, which can be accessed through the SEC website.

Enviri Trading Down 3.8%

Shares of NVRI stock opened at $20.33 on Thursday. Enviri Corporation has a 52-week low of $7.70 and a 52-week high of $21.46. 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 firm has a market capitalization of $1.68 billion, a PE ratio of -9.78 and a beta of 1.59. The stock has a fifty day simple moving average of $19.60 and a two-hundred day simple moving average of $18.83.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.36. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The business had revenue of $549.80 million during the quarter, compared to analyst estimates of $465.37 million. During the same quarter in the prior year, the business posted ($0.18) EPS. Enviri’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts predict that Enviri Corporation 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. Investors of record on Friday, January 1st were given a dividend of $15.00 per share. The ex-dividend date was Monday, June 1st.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NVRI shares. Lake Street Capital restated a “buy” rating and set a $25.00 target price on shares of Enviri in a research report on Wednesday, February 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Finally, BMO Capital Markets upped their target price 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. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.25.

Institutional Investors Weigh In On Enviri

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in Enviri by 333.0% during the first quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock valued at $17,894,000 after purchasing an additional 701,365 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Enviri during the first quarter valued at $5,935,000. California State Teachers Retirement System raised its stake in Enviri by 37.0% during the first quarter. California State Teachers Retirement System now owns 94,472 shares of the company’s stock valued at $1,854,000 after purchasing an additional 25,529 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Enviri by 48.7% during the first quarter. The Manufacturers Life Insurance Company now owns 33,838 shares of the company’s stock valued at $664,000 after purchasing an additional 11,076 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Enviri by 6.3% during the first quarter. Quantinno Capital Management LP now owns 53,336 shares of the company’s stock valued at $1,046,000 after purchasing an additional 3,139 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

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.