Enviri Corporation (NYSE:NVRI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Enviri Corporation (NYSE:NVRI) have earned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $24.50.

NVRI has been the topic of a number of research reports. Wall Street Zen raised shares of Enviri to a “hold” rating in a research report on Saturday, June 13th. BMO Capital Markets raised their price target on shares of Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th.

Insider Buying and Selling at Enviri

In other news, CFO Peter Francis Minan bought 2,946 shares of Enviri stock in a transaction dated 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 purchase, the chief financial officer owned 97,505 shares of the company’s stock, valued at approximately $1,976,426.35. This trade represents a 3.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carolann I. Haznedar bought 4,875 shares of the stock in a transaction dated Monday, August 17th. The stock was purchased at an average cost of $20.46 per share, for a total transaction of $99,742.50. Following the acquisition, the director owned 42,955 shares in the company, valued at $878,859.30. The trade was a 12.80% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 16,154 shares of company stock worth $319,868. 2.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Enviri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Enviri during the 2nd quarter worth approximately $45,735,000. Davidson Kempner Capital Management LP bought a new position in Enviri in the 3rd quarter valued at $21,367,000. Hudson Bay Capital Management LP acquired a new position in Enviri in the fourth quarter worth $26,880,000. Highbridge Capital Management LLC bought a new stake in shares of Enviri during the fourth quarter worth $26,802,000. Finally, Millennium Management LLC grew its holdings in shares of Enviri by 4,621.0% during the third quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock worth $17,098,000 after purchasing an additional 1,318,833 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Trading Up 4.2%

NYSE:NVRI opened at $20.50 on Thursday. The firm’s fifty day simple moving average is $21.99 and its 200 day simple moving average is $20.14. Enviri has a 1 year low of $10.10 and a 1 year high of $24.20.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The company had revenue of $324.00 million during the quarter, compared to analyst estimates of $370.97 million. The business’s revenue was down 66.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share. As a group, equities research analysts predict that Enviri will post -1.55 earnings per share for the current year.

Enviri Announces Dividend

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

About Enviri

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.