Enviri (NYSE:NVRI) Reaches New 1-Year High – Still a Buy?

Enviri Corporation (NYSE:NVRI)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $22.14 and last traded at $21.9680, with a volume of 507477 shares changing hands. The stock had previously closed at $22.01.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NVRI shares. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Enviri in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Enviri to a “hold” rating in a research note on Saturday, June 13th. Finally, BMO Capital Markets raised their price objective on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Enviri presently has a consensus rating of “Hold” and an average target price of $22.25.

Enviri Price Performance

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 $616.60 million, a PE ratio of -10.55 and a beta of 1.59. The firm has a 50-day simple moving average of $19.92 and a 200 day simple moving average of $19.04.

Enviri (NYSE:NVRI) last released its earnings results 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 for the quarter, compared to the consensus estimate of $465.37 million. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) EPS. As a group, equities analysts expect that Enviri Corporation will post -0.45 EPS for the current year.

Enviri Announces Dividend

The firm 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 of this dividend was Monday, June 1st.

Insiders Place Their Bets

In other Enviri news, CFO Peter Francis Minan bought 8,333 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $19.25 per share, with a total value of $160,410.25. Following the completion of the purchase, the chief financial officer owned 16,434 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Enviri

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Enviri by 121.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 162,450 shares of the company’s stock worth $2,061,000 after purchasing an additional 89,227 shares in the last quarter. SG Americas Securities LLC purchased a new position in Enviri in the fourth quarter worth about $11,514,000. Pertento Partners LLP purchased a new position in Enviri in the third quarter worth about $43,542,000. Credit Industriel ET Commercial bought a new position in shares of Enviri in the fourth quarter worth approximately $2,330,000. Finally, Clearline Capital LP bought a new position in shares of Enviri in the third quarter worth approximately $1,194,000. 93.43% of the stock is owned by 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.