Enviri Corporation (NYSE:NVRI) Receives Consensus Recommendation of “Hold” from Brokerages

Enviri Corporation (NYSE:NVRI) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $22.25.

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. BMO Capital Markets raised their target price on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Enviri to a “hold” rating in a research report on Saturday, June 13th.

Insider Activity

In other news, CFO Peter Francis Minan bought 8,333 shares of Enviri stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $19.25 per share, with a total value of $160,410.25. Following the acquisition, the chief financial officer owned 16,434 shares of the company’s stock, valued at $316,354.50. The trade was a 102.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Enviri

A number of hedge funds and other institutional investors have recently modified their holdings of NVRI. Baird Financial Group Inc. purchased a new position in shares of Enviri during the 1st quarter valued at $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Enviri by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock valued at $313,000 after acquiring an additional 2,028 shares during the period. Empowered Funds LLC raised its holdings in Enviri by 3.1% during the first quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock valued at $2,638,000 after acquiring an additional 11,762 shares during the period. Jane Street Group LLC lifted its position in shares of Enviri by 116.0% in the first quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock valued at $1,379,000 after acquiring an additional 111,359 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 1,554 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Stock Down 2.7%

Shares of Enviri stock opened at $22.46 on Wednesday. The company’s 50 day moving average price is $20.48 and its 200-day moving average price is $19.33. Enviri has a 52-week low of $7.70 and a 52-week high of $23.56. The stock has a market capitalization of $631.36 million, a price-to-earnings ratio of -10.80 and a beta of 1.59. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.86 and a current ratio of 1.13.

Enviri (NYSE:NVRI) last posted its quarterly earnings data 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 company had revenue of $549.80 million for the quarter, compared to the consensus estimate 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 last year, the firm posted ($0.18) earnings per share. Equities research analysts forecast that Enviri will post -0.45 EPS for the current year.

Enviri Dividend Announcement

The business also recently disclosed 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 of this dividend was Monday, June 1st.

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.