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

Enviri Corporation (NYSE:NVRI) CFO Peter Francis Minan acquired 8,333 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $19.25 per share, for a total transaction of $160,410.25. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Enviri Trading Up 6.8%

NYSE:NVRI opened at $21.23 on Wednesday. Enviri Corporation has a one year low of $7.70 and a one year high of $21.42. 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 company’s 50-day simple moving average is $19.57 and its 200 day simple moving average is $18.79. The firm has a market capitalization of $1.76 billion, a P/E ratio of -10.21 and a beta of 1.59.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.36. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The business had revenue of $549.80 million for the quarter, compared to analyst estimates of $465.37 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. Enviri’s quarterly revenue was up .3% on a year-over-year basis. As a group, analysts forecast that Enviri Corporation will post -0.45 EPS for the current fiscal year.

Enviri Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Enviri by 333.0% during the first quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock valued at $17,894,000 after purchasing an additional 701,365 shares during the period. Edgestream Partners L.P. bought a new position in Enviri during the first quarter valued at approximately $5,935,000. California State Teachers Retirement System lifted its position in Enviri by 37.0% during the first quarter. California State Teachers Retirement System now owns 94,472 shares of the company’s stock valued at $1,854,000 after purchasing an additional 25,529 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Enviri by 48.7% during the first quarter. The Manufacturers Life Insurance Company now owns 33,838 shares of the company’s stock valued at $664,000 after buying an additional 11,076 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Enviri by 6.3% during the first quarter. Quantinno Capital Management LP now owns 53,336 shares of the company’s stock valued at $1,046,000 after buying an additional 3,139 shares during the last quarter. Institutional investors own 93.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.