35,800 Shares in Enviri Corporation $NVRI Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Enviri Corporation (NYSE:NVRI) during the 1st quarter, Holdings Channel.com reports. The firm purchased 35,800 shares of the company’s stock, valued at approximately $702,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pertento Partners LLP purchased a new position in shares of Enviri in the third quarter worth $43,542,000. Geode Capital Management LLC lifted its stake in shares of Enviri by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,854,838 shares of the company’s stock worth $33,243,000 after purchasing an additional 7,203 shares during the period. Newtyn Management LLC boosted its stake in shares of Enviri by 69.1% during the 3rd quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock worth $21,484,000 after acquiring an additional 691,949 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new position in Enviri during the third quarter valued at $21,367,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Enviri by 10.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,535,519 shares of the company’s stock valued at $27,516,000 after acquiring an additional 140,634 shares during the period. 93.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Peter Francis Minan purchased 8,333 shares of the company’s stock in a transaction 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 purchase, the chief financial officer owned 16,434 shares in the company, valued at $316,354.50. This trade 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 accessible through this hyperlink. 2.50% of the stock is owned by company insiders.

Enviri Stock Down 0.1%

NYSE NVRI traded down $0.02 during trading on Tuesday, reaching $23.08. 6,069 shares of the company’s stock traded hands, compared to its average volume of 1,411,840. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.13 and a quick ratio of 0.86. The firm has a market cap of $648.64 million, a price-to-earnings ratio of -11.05 and a beta of 1.59. The company’s 50 day simple moving average is $20.41 and its two-hundred day simple moving average is $19.30. Enviri Corporation has a 12-month low of $7.70 and a 12-month high of $23.56.

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 during the quarter, compared to analysts’ expectations of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) EPS. As a group, sell-side analysts forecast that Enviri Corporation will post -0.45 EPS for the current fiscal year.

Enviri Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVRI. BMO Capital Markets increased their price target on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Enviri to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.25.

Enviri 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.