Enviri (NYSE:NVRI) CFO Peter Francis Minan Purchases 2,946 Shares

Enviri Corporation (NYSE:NVRI) CFO Peter Francis Minan purchased 2,946 shares of Enviri stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average cost of $20.27 per share, for a total transaction of $59,715.42. Following the transaction, the chief financial officer owned 97,505 shares in the company, valued at approximately $1,976,426.35. This trade represents a 3.12% increase in their position. The purchase was disclosed in a filing 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 acquired 8,333 shares of Enviri stock. The stock was bought at an average price of $19.25 per share, for a total transaction of $160,410.25.

Enviri Stock Performance

NYSE:NVRI opened at $20.50 on Thursday. The stock’s fifty day moving average is $21.99 and its two-hundred day moving average is $20.14. Enviri Corporation has a 52 week low of $10.10 and a 52 week high of $24.20.

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

Enviri Dividend Announcement

The business also recently declared 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 was Monday, June 1st.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Enviri

A number of institutional investors and hedge funds have recently made changes to their positions in NVRI. Advisory Services Network LLC purchased a new position in shares of Enviri in the third quarter valued at $27,000. KBC Group NV acquired a new stake in Enviri in the 1st quarter valued at about $31,000. Rockefeller Capital Management L.P. grew its stake in Enviri by 204.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after acquiring an additional 1,264 shares during the last quarter. Torren Management LLC purchased a new position in Enviri during the 4th quarter valued at about $37,000. Finally, State of Wyoming purchased a new position in Enviri during the 2nd quarter valued at about $46,000. 93.43% of the stock is owned by institutional investors and hedge funds.

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.