Enviri Corporation (NYSE:NVRI) Receives Average Rating of “Hold” from Analysts

Shares of Enviri Corporation (NYSE:NVRI) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $24.50.

NVRI has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Enviri from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 25th. BMO Capital Markets increased their price target on shares of Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Enviri from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th.

Enviri Trading Up 0.1%

Shares of NYSE:NVRI opened at $20.65 on Monday. Enviri has a 52-week low of $11.15 and a 52-week high of $24.20. The company has a 50-day simple moving average of $21.98 and a 200 day simple moving average of $20.61.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.32). The business had revenue of $324.00 million during the quarter, compared to analysts’ expectations of $370.97 million. The firm’s revenue was down 66.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. On average, equities research analysts anticipate that Enviri will post -1.55 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Carolann I. Haznedar purchased 4,875 shares of Enviri stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average cost of $20.46 per share, for a total transaction of $99,742.50. Following the purchase, the director directly owned 42,955 shares of the company’s stock, valued at $878,859.30. This trade represents a 12.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Peter Minan acquired 2,946 shares of the stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of $20.27 per share, for a total transaction of $59,715.42. Following the transaction, the chief financial officer directly owned 97,505 shares in the company, valued at approximately $1,976,426.35. This trade represents a 3.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NVRI. BlackRock Inc. acquired a new stake in shares of Enviri in the second quarter valued at approximately $45,735,000. Highbridge Capital Management LLC acquired a new stake in Enviri during the fourth quarter worth approximately $26,802,000. OMERS ADMINISTRATION Corp grew its position in Enviri by 183.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 921,561 shares of the company’s stock worth $18,081,000 after buying an additional 596,861 shares in the last quarter. Bank of America Corp DE increased its stake in Enviri by 333.0% during the 1st quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock worth $17,894,000 after acquiring an additional 701,365 shares during the period. Finally, ExodusPoint Capital Management LP bought a new position in Enviri during the 4th quarter worth $15,491,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Company Profile

Enviri Corporation, formerly known as Harsco Corporation, is an environmental solutions company that provides services for managing, processing and recycling industrial and regulated waste. The company serves customers in industries such as steelmaking, manufacturing, construction, energy and healthcare.

Enviri’s Harsco Environmental business supports steel producers with services that include the handling and processing of steel slag and other byproducts, metal recovery, material recycling and the production of processed aggregates and other products.