Enviri (NYSE:NVRI) Reaches New 52-Week High – Time to Buy?

Enviri Corporation (NYSE:NVRI) hit a new 52-week high on Wednesday . The stock traded as high as $22.40 and last traded at $22.1680, with a volume of 12336 shares. The stock had previously closed at $21.95.

Analyst Upgrades and Downgrades

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

Enviri Stock Performance

The stock has a 50 day moving average of $20.13 and a two-hundred day moving average of $19.16. The stock has a market capitalization of $649.62 million, a PE ratio of -11.10 and a beta of 1.59. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.13 and a quick ratio of 0.86.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $549.80 million during the quarter, compared to analysts’ expectations of $465.37 million. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Enviri’s revenue was up .3% compared to the same quarter last year. Research analysts expect that Enviri Corporation will post -0.45 EPS for the current fiscal year.

Enviri Announces Dividend

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

Insider Activity at Enviri

In related news, CFO Peter Francis Minan acquired 8,333 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $19.25 per share, with a total value 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 represents a 102.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enviri

A number of hedge funds and other institutional investors have recently modified their holdings of NVRI. Bleakley Financial Group LLC boosted its stake in shares of Enviri by 3.4% during the 1st quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company’s stock worth $321,000 after acquiring an additional 531 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Enviri by 5.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock worth $317,000 after purchasing an additional 872 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Enviri by 204.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock worth $34,000 after purchasing an additional 1,264 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after purchasing an additional 1,554 shares in the last quarter. Finally, KBC Group NV acquired a new stake in Enviri in the first quarter valued at $31,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

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.