116,548 Shares in Enviri Corporation $NVRI Purchased by OP Asset Management Ltd

OP Asset Management Ltd bought a new stake in Enviri Corporation (NYSE:NVRI) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 116,548 shares of the company’s stock, valued at approximately $2,287,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVRI. Rockefeller Capital Management L.P. lifted its stake in Enviri by 204.5% during the 4th 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 during the period. Torren Management LLC acquired a new stake in shares of Enviri in the fourth quarter worth $37,000. Advisory Services Network LLC acquired a new stake in shares of Enviri in the third quarter worth $27,000. BNP Paribas Financial Markets raised its holdings in shares of 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 during the last quarter. Finally, Handelsbanken Fonder AB purchased a new position in shares of Enviri during the third quarter worth $154,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Trading Up 6.2%

Shares of NYSE:NVRI opened at $21.86 on Friday. Enviri Corporation has a 1 year low of $7.70 and a 1 year high of $22.26. The firm has a market capitalization of $614.35 million, a price-to-earnings ratio of -10.51 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. The business’s 50 day moving average price is $20.03 and its 200-day moving average price is $19.10.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.36. The company had revenue of $549.80 million during the quarter, compared to analyst estimates of $465.37 million. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) EPS. On average, equities research analysts forecast that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.

Enviri Dividend Announcement

The business also recently announced 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 was Monday, June 1st.

Insider Activity at Enviri

In related news, CFO Peter Francis Minan purchased 8,333 shares of Enviri stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $19.25 per share, for a total transaction of $160,410.25. Following the transaction, the chief financial officer directly owned 16,434 shares in the company, valued at approximately $316,354.50. This trade represents a 102.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.