Peter Francis Minan Buys 2,946 Shares of Enviri (NYSE:NVRI) Stock

Enviri Corporation (NYSE:NVRI) CFO Peter Francis Minan acquired 2,946 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average price of $20.27 per share, for a total transaction of $59,715.42. Following the completion of the purchase, the chief financial officer owned 97,505 shares of the company’s stock, valued at approximately $1,976,426.35. This represents a 3.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Enviri Price Performance

Enviri stock opened at $20.30 on Friday. The company’s 50-day moving average price is $21.97 and its two-hundred day moving average price is $20.15. Enviri Corporation has a 52 week low of $10.24 and a 52 week high of $24.20.

Enviri (NYSE:NVRI) last released its quarterly 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 the consensus estimate of $370.97 million. The company’s quarterly revenue was down 66.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 EPS. Equities research analysts forecast that Enviri Corporation will post -1.55 earnings per share for the current fiscal year.

Enviri Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on NVRI. Wall Street Zen raised Enviri to a “hold” rating in a research note on Saturday, June 13th. BMO Capital Markets raised their target price on Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.50.

Institutional Trading of Enviri

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in Enviri during the third quarter worth approximately $27,000. KBC Group NV bought a new position in shares of Enviri in the first quarter valued at $31,000. Rockefeller Capital Management L.P. increased its holdings in shares of Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after buying an additional 1,264 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Enviri during the 4th quarter valued at $37,000. Finally, State of Wyoming acquired a new stake in shares of Enviri during the 2nd quarter valued at $46,000. 93.43% of the stock is owned by institutional investors and hedge funds.

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.