Enviri (NYSE:NVRI) Reaches New 12-Month High – Here’s Why

Enviri Corporation (NYSE:NVRI)’s stock price reached a new 52-week high on Monday . The company traded as high as $23.56 and last traded at $22.8350, with a volume of 15278 shares traded. The stock had previously closed at $22.91.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. BMO Capital Markets upped their price objective on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen raised Enviri to a “hold” rating in a research report on Saturday, June 13th. One 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.25.

Enviri Stock Down 1.2%

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 cap of $612.98 million, a PE ratio of -10.49 and a beta of 1.59. The stock has a fifty day moving average price of $21.15 and a 200-day moving average price of $19.65.

Enviri (NYSE:NVRI) last posted its 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 net margin of 7.50% and a negative return on equity of 8.59%. The firm had revenue of $549.80 million during the quarter, compared to the consensus estimate of $465.37 million. During the same quarter in the prior year, the company earned ($0.18) EPS. The company’s revenue was up .3% on a year-over-year basis. Research analysts expect that Enviri Corporation will post -0.45 EPS for the current year.

Enviri Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, June 1st.

Insider Activity

In other Enviri news, CFO Peter Francis Minan bought 8,333 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were 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 owned 16,434 shares in the company, valued at approximately $316,354.50. The trade was a 102.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by insiders.

Institutional Trading of Enviri

Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in Enviri in the third quarter valued at about $27,000. KBC Group NV purchased a new stake in shares of Enviri in the first quarter worth about $31,000. Rockefeller Capital Management L.P. grew its stake in shares of Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after buying an additional 1,264 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Enviri in the fourth quarter valued at about $37,000. Finally, BNP Paribas Financial Markets raised its holdings 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 valued at $66,000 after buying an additional 2,322 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.

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.