Peter Francis Minan Acquires 8,333 Shares of Enviri (NYSE:NVRI) Stock

Enviri Corporation (NYSE:NVRI) CFO Peter Francis Minan bought 8,333 shares of Enviri stock in a transaction that occurred 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 completion of the acquisition, the chief financial officer directly owned 16,434 shares of the company’s stock, valued at $316,354.50. This represents a 102.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Enviri Price Performance

Shares of NYSE NVRI traded up $0.66 during trading on Monday, hitting $19.96. The company had a trading volume of 733,577 shares, compared to its average volume of 1,578,763. The company has a market cap of $1.65 billion, a P/E ratio of -9.60 and a beta of 1.59. Enviri Corporation has a 52 week low of $7.70 and a 52 week high of $21.42. The business’s 50-day moving average is $19.50 and its 200 day moving average is $18.68. 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 posted its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.36. The company had revenue of $549.80 million for 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 revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) earnings per share. Equities research analysts predict that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.

Enviri Announces Dividend

The business 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

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Lake Street Capital reiterated a “buy” rating and set a $25.00 price objective on shares of Enviri in a research report on Wednesday, February 25th. Finally, BMO Capital Markets lifted their price objective on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.25.

Hedge Funds Weigh In On Enviri

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVRI. Pertento Partners LLP acquired a new stake in shares of Enviri during the 3rd quarter valued at $43,542,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Enviri during the 3rd quarter valued at $21,367,000. Hudson Bay Capital Management LP acquired a new stake in shares of Enviri during the 4th quarter valued at $26,880,000. Highbridge Capital Management LLC acquired a new stake in shares of Enviri during the 4th quarter valued at $26,802,000. Finally, Millennium Management LLC boosted its stake in shares of Enviri by 4,621.0% during the 3rd quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock valued at $17,098,000 after buying an additional 1,318,833 shares during the period. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

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.