Enviri Corporation (NYSE:NVRI) Receives Average Rating of “Hold” from Analysts

Enviri Corporation (NYSE:NVRI) has received a consensus rating of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.50.

Several research firms recently weighed in on NVRI. BMO Capital Markets increased their target price on Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded Enviri to a “hold” rating in a report on Saturday, June 13th. Finally, Weiss Ratings raised shares of Enviri from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday.

Enviri Trading Up 6.6%

Shares of NVRI opened at $23.05 on Thursday. The stock has a fifty day moving average of $22.02 and a two-hundred day moving average of $20.22. Enviri has a fifty-two week low of $10.81 and a fifty-two week high of $24.20.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The firm had revenue of $324.00 million during the quarter, compared to analyst estimates of $370.97 million. The firm’s revenue was down 66.7% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. As a group, equities research analysts anticipate that Enviri will post -1.55 earnings per share for the current year.

Enviri Announces Dividend

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

Insider Buying and Selling

In related news, Director Carolann I. Haznedar purchased 4,875 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were bought at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the acquisition, the director directly owned 42,955 shares in the company, valued at $878,859.30. This trade represents a 12.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Peter Francis Minan acquired 2,946 shares of the stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $20.27 per share, with a total value of $59,715.42. Following the completion of the purchase, the chief financial officer directly owned 97,505 shares in the company, valued at approximately $1,976,426.35. This trade represents a 3.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 16,154 shares of company stock valued at $319,868. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Enviri in the second quarter valued at $491,000. Newtyn Management LLC acquired a new stake in Enviri during the second quarter worth about $8,214,000. Ancora Advisors LLC acquired a new stake in Enviri during the second quarter worth about $875,000. Bluefin Capital Management LLC purchased a new position in shares of Enviri in the 2nd quarter worth about $326,000. Finally, Van ECK Associates Corp purchased a new position in shares of Enviri in the 2nd quarter worth about $209,000. 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.