Enviri (NYSE:NVRI) Reaches New 1-Year High – Still a Buy?

Enviri Corporation (NYSE:NVRI) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.67 and last traded at $23.9050, with a volume of 64491 shares traded. The stock had previously closed at $23.15.

Wall Street Analyst Weigh In

NVRI has been the subject of several recent analyst reports. BMO Capital Markets lifted their price objective on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Enviri to a “hold” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.25.

Enviri Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. The business has a 50 day moving average price of $21.81 and a 200 day moving average price of $19.99. The stock has a market cap of $644.57 million, a P/E ratio of -11.07 and a beta of 1.59.

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. The firm had revenue of $549.80 million during the quarter, compared to analyst estimates of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.Enviri’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company earned ($0.18) EPS. As a group, sell-side analysts expect that Enviri Corporation will post -0.45 EPS for the current year.

Enviri Dividend Announcement

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

Insider Activity

In related news, CFO Peter Francis Minan purchased 8,333 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $19.25 per share, for a total transaction of $160,410.25. Following the completion of the acquisition, the chief financial officer owned 16,434 shares in the company, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Enviri

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Enviri in the 3rd quarter worth about $27,000. KBC Group NV bought a new stake in shares of Enviri during the first quarter valued at approximately $31,000. Rockefeller Capital Management L.P. raised its stake in shares of Enviri by 204.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after acquiring an additional 1,264 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Enviri in the fourth quarter valued at approximately $37,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Enviri by 43.8% in the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock valued at $66,000 after purchasing an additional 2,322 shares during the period. Institutional investors own 93.43% of the company’s stock.

About Enviri

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.