Enviri (NYSE:NVRI) Reaches New 1-Year High – Still a Buy?

Enviri Corporation (NYSE:NVRI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $22.40 and last traded at $22.1680, with a volume of 12336 shares traded. The stock had previously closed at $21.95.

Analyst Ratings Changes

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

Enviri Price Performance

The firm has a fifty day simple moving average of $20.27 and a 200 day simple moving average of $19.22. The company has a market capitalization of $634.93 million, a PE ratio of -10.86 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 issued its earnings results on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.36. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The business had revenue of $549.80 million during the quarter, compared to analysts’ expectations of $465.37 million. During the same period in the prior year, the business earned ($0.18) EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts anticipate that Enviri Corporation will post -0.45 EPS for the current year.

Enviri Announces Dividend

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

Insider Buying and Selling

In other Enviri news, CFO Peter Francis Minan bought 8,333 shares of the business’s stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $19.25 per share, with a total value of $160,410.25. Following the transaction, the chief financial officer owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Enviri

A number of hedge funds and other institutional investors have recently modified their holdings of NVRI. Advisory Services Network LLC purchased a new position in Enviri during the third quarter valued at approximately $27,000. KBC Group NV bought a new stake in Enviri during the 1st quarter valued at $31,000. 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 valued at $34,000 after acquiring an additional 1,264 shares during the period. Torren Management LLC purchased a new position in shares of Enviri in the 4th quarter valued at $37,000. Finally, BNP Paribas Financial Markets raised its position in shares of Enviri by 43.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after acquiring an additional 2,322 shares in the last quarter. 93.43% of the stock is currently owned by 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.