Vanguard Group Inc. Sells 132,614 Shares of Enviri Corporation $NVRI

Vanguard Group Inc. lowered its position in Enviri Corporation (NYSE:NVRI) by 2.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,376,459 shares of the company’s stock after selling 132,614 shares during the period. Vanguard Group Inc. owned about 0.07% of Enviri worth $68,227,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new position in shares of Enviri during the 1st quarter worth about $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Enviri by 4.5% during the 1st 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 during the last quarter. Empowered Funds LLC raised its position in Enviri by 3.1% in the 1st quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock worth $2,638,000 after purchasing an additional 11,762 shares during the period. Jane Street Group LLC raised its position in Enviri by 116.0% in the 1st 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. lifted its stake in Enviri by 14.0% in 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 during the last quarter. Institutional investors own 93.43% of the company’s stock.

Enviri Trading Down 1.4%

Shares of NVRI opened at $17.68 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -8.34 and a beta of 1.77. The company has a debt-to-equity ratio of 5.18, a current ratio of 1.14 and a quick ratio of 0.85. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $19.48. The company has a 50-day moving average of $18.60 and a 200 day moving average of $15.49.

Enviri (NYSE:NVRI) last issued its earnings results on Tuesday, February 24th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. The business had revenue of $555.01 million for the quarter, compared to the consensus estimate of $550.90 million. Enviri had a negative net margin of 7.62% and a negative return on equity of 13.47%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. On average, research analysts expect that Enviri Corporation will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

NVRI has been the subject of several recent analyst reports. CJS Securities upgraded Enviri to a “hold” rating in a research report on Thursday, December 11th. Zacks Research upgraded Enviri to a “hold” rating in a report on Tuesday, December 16th. Wall Street Zen raised Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Lake Street Capital reissued a “buy” rating and set a $25.00 price target on shares of Enviri in a research note on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.00.

Insider Activity

In related news, SVP Jennifer Ott Kozak sold 9,692 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $18.18, for a total value of $176,200.56. Following the completion of the sale, the senior vice president owned 8,181 shares in the company, valued at approximately $148,730.58. The trade was a 54.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Enviri 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.