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

Enviri Corporation (NYSE:NVRI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.91 and last traded at $20.6320, with a volume of 262301 shares trading hands. The stock had previously closed at $21.35.

Analyst Ratings Changes

NVRI has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. Lake Street Capital restated a “buy” rating and issued a $25.00 price objective on shares of Enviri in a research note on Wednesday, February 25th. BMO Capital Markets increased their target price 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. Finally, Wall Street Zen upgraded shares of Enviri to a “hold” rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.25.

Enviri Stock Up 1.5%

The firm has a market cap of $593.81 million, a price-to-earnings ratio of -10.16 and a beta of 1.59. The firm’s 50 day moving average price is $19.74 and its two-hundred day moving average price is $18.94. 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 announced its earnings results on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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 business 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 firm earned ($0.18) earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts forecast that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.

Enviri Announces Dividend

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

Insider Transactions at Enviri

In other news, CFO Peter Francis Minan purchased 8,333 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $19.25 per share, with a total value of $160,410.25. Following the completion of the acquisition, the chief financial officer directly owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Enviri during the third quarter worth about $27,000. KBC Group NV purchased a new position in Enviri during the first quarter worth about $31,000. Rockefeller Capital Management L.P. raised its holdings 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. Torren Management LLC purchased a new position in Enviri during the fourth quarter worth about $37,000. Finally, BNP Paribas Financial Markets raised its holdings in Enviri by 43.8% during the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after purchasing an additional 2,322 shares in the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.

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.