Enviri (NYSE:NVRI) CFO Purchases $59,715.42 in Stock

Enviri Corporation (NYSE:NVRI) CFO Peter Francis Minan purchased 2,946 shares of Enviri stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $20.27 per share, with a total value of $59,715.42. Following the completion of the transaction, the chief financial officer owned 97,505 shares in the company, valued at approximately $1,976,426.35. This represents a 3.12% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Peter Francis Minan also recently made the following trade(s):

• On Friday, June 5th, Peter Francis Minan acquired 8,333 shares of Enviri stock. The shares were bought at an average price of $19.25 per share, with a total value of $160,410.25.

Enviri Stock Up 2.2%

Shares of NVRI stock opened at $20.75 on Friday. The stock’s 50-day moving average is $21.96 and its 200 day moving average is $20.16. Enviri Corporation has a 1-year low of $10.56 and a 1-year high of $24.20.

Enviri (NYSE:NVRI) last announced its earnings results on Tuesday, August 11th. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.32). The business had revenue of $324.00 million for the quarter, compared to analyst estimates of $370.97 million. The business’s quarterly revenue was down 66.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. On average, analysts forecast that Enviri Corporation will post -1.55 EPS for the current fiscal year.

Enviri Dividend Announcement

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

Hedge Funds Weigh In On Enviri

Several hedge funds have recently modified their holdings of NVRI. Advisory Services Network LLC purchased a new position in shares of Enviri in the 3rd quarter valued at approximately $27,000. KBC Group NV purchased a new stake in Enviri during the 1st quarter worth approximately $31,000. Rockefeller Capital Management L.P. increased its stake in Enviri by 204.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after purchasing an additional 1,264 shares in the last quarter. Torren Management LLC acquired a new position in Enviri during the 4th quarter valued at approximately $37,000. Finally, State of Wyoming purchased a new position in shares of Enviri in the second quarter worth $46,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NVRI shares. BMO Capital Markets raised their target price on shares of Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded Enviri to a “hold” rating in a report on Saturday, June 13th. One investment 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, the company presently has an average rating of “Hold” and an average price target of $24.50.

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.