Enviri (NYSE:NVRI) Reaches New 12-Month High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets increased their price objective on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded Enviri to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Finally, Lake Street Capital reiterated a “buy” rating and set a $25.00 price objective on shares of Enviri in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Enviri currently has an average rating of “Hold” and an average price target of $22.25.

Enviri Trading Down 3.4%

The stock has a market capitalization of $579.84 million, a P/E ratio of -9.92 and a beta of 1.59. The stock has a 50-day moving average price of $19.68 and a two-hundred day moving average price of $18.90. 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 issued its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.36. The firm had revenue of $549.80 million for the quarter, compared to analyst estimates of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company earned ($0.18) EPS. On average, research analysts forecast that Enviri Corporation will post -0.45 EPS for the current fiscal year.

Enviri Announces Dividend

The firm also recently disclosed 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 Buying and Selling at Enviri

In other Enviri news, CFO Peter Francis Minan acquired 8,333 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $19.25 per share, for a total transaction of $160,410.25. Following the transaction, the chief financial officer owned 16,434 shares in the company, valued at $316,354.50. This represents a 102.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Enviri

A number of large investors have recently made changes to their positions in NVRI. Pertento Partners LLP purchased a new position in shares of Enviri in the 3rd quarter valued at approximately $43,542,000. Davidson Kempner Capital Management LP purchased a new position in shares of Enviri in the 3rd quarter valued at approximately $21,367,000. Hudson Bay Capital Management LP purchased a new position in shares of Enviri in the 4th quarter valued at approximately $26,880,000. Highbridge Capital Management LLC purchased a new position in shares of Enviri in the 4th quarter valued at approximately $26,802,000. Finally, Millennium Management LLC lifted its stake in shares of Enviri by 4,621.0% in the 3rd quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock valued at $17,098,000 after purchasing an additional 1,318,833 shares during the period. 93.43% of the stock is currently owned by institutional investors.

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.