Enviri (NYSE:NVRI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Enviri (NYSE:NVRI) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

NVRI has been the subject of a number of other research reports. Weiss Ratings cut shares of Enviri from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, October 14th. BMO Capital Markets raised their price objective on Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.50.

Enviri Stock Performance

Enviri stock opened at $24.92 on Friday. The company’s 50 day simple moving average is $20.54 and its 200 day simple moving average is $20.25. Enviri has a fifty-two week low of $11.15 and a fifty-two week high of $25.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.43 and a quick ratio of 1.19.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, November 5th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.38. The firm had revenue of $325.03 million during the quarter, compared to the consensus estimate of $317.13 million. The firm’s revenue was down 43.5% compared to the same quarter last year. As a group, equities analysts anticipate that Enviri will post -1.55 EPS for the current fiscal year.

Insider Activity at Enviri

In other Enviri news, CFO Peter Minan acquired 2,946 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average cost of $20.27 per share, for a total transaction of $59,715.42. Following the transaction, the chief financial officer owned 97,505 shares of the company’s stock, valued at $1,976,426.35. This trade represents a 3.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolann Haznedar bought 4,875 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of $20.46 per share, with a total value of $99,742.50. Following the completion of the purchase, the director owned 42,955 shares in the company, valued at $878,859.30. This represents a 12.80% increase in their position. The SEC filing for this purchase provides additional information.

Hedge Funds Weigh In On Enviri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Enviri in the 3rd quarter valued at about $1,391,000. Ethic Inc. bought a new stake in shares of Enviri in the third quarter valued at about $237,000. CenterBook Partners LP lifted its holdings in shares of Enviri by 111.2% in the third quarter. CenterBook Partners LP now owns 79,669 shares of the company’s stock valued at $1,556,000 after purchasing an additional 41,944 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Enviri during the second quarter worth about $25,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Enviri during the second quarter worth about $491,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Enviri Company Profile

Enviri Corporation (NYSE: NVRI) is an environmental solutions company that provides services and products designed to help industrial, commercial and government customers manage waste, recover materials and improve resource efficiency. The company serves customers in multiple regions, with operations spanning North America, Europe and other international markets.

Enviri’s Harsco Environmental business provides environmental services to the global steel industry. Its activities include the processing and beneficial reuse of steel slag and other byproducts, metal recovery, slag handling, site services and the production of mineral-based products used in areas such as construction and infrastructure.

Through its Clean Earth business, Enviri manages hazardous and non-hazardous waste streams for industrial, healthcare, pharmaceutical, retail and government customers.