Enviri (NYSE:NVRI) CFO Peter Francis Minan Buys 8,333 Shares of Stock

Enviri Corporation (NYSE:NVRI) CFO Peter Francis Minan purchased 8,333 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $19.25 per share, for a total transaction of $160,410.25. Following the completion of the purchase, the chief financial officer directly owned 16,434 shares in the company, valued at $316,354.50. This represents a 102.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Enviri Stock Performance

Shares of NVRI stock opened at $19.96 on Tuesday. The stock has a market capitalization of $1.65 billion, a P/E ratio of -9.60 and a beta of 1.59. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66. The firm’s 50 day moving average is $19.53 and its 200 day moving average is $18.73. Enviri Corporation has a 12 month low of $7.70 and a 12 month high of $21.42.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.36. The company had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $465.37 million. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. Enviri’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.18) EPS. On average, sell-side analysts anticipate that Enviri Corporation will post -0.45 earnings per share for the current year.

Enviri Announces Dividend

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

Analyst Ratings Changes

NVRI has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of Enviri in a report on Wednesday, February 25th. Finally, BMO Capital Markets upped their target price on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.25.

Institutional Trading of Enviri

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bleakley Financial Group LLC increased its holdings in Enviri by 3.4% during the 1st quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company’s stock worth $321,000 after acquiring an additional 531 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Enviri by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock worth $317,000 after buying an additional 872 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Enviri by 204.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock worth $34,000 after buying an additional 1,264 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Enviri by 14.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after buying an additional 1,554 shares during the last quarter. Finally, KBC Group NV bought a new position in shares of Enviri in the 1st quarter worth $31,000. Institutional investors own 93.43% of the company’s stock.

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.