OMERS ADMINISTRATION Corp Purchases 596,861 Shares of Enviri Corporation $NVRI

OMERS ADMINISTRATION Corp lifted its position in Enviri Corporation (NYSE:NVRI) by 183.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 921,561 shares of the company’s stock after purchasing an additional 596,861 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Enviri were worth $18,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Baird Financial Group Inc. bought a new position in Enviri in the first quarter valued at about $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Enviri by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock valued at $313,000 after purchasing an additional 2,028 shares during the period. Empowered Funds LLC grew its stake in shares of Enviri by 3.1% during the 1st quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock valued at $2,638,000 after purchasing an additional 11,762 shares during the period. Jane Street Group LLC increased its position in shares of Enviri by 116.0% during the 1st quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock valued at $1,379,000 after purchasing an additional 111,359 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Enviri by 14.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after purchasing an additional 1,554 shares during the last quarter. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

NYSE:NVRI opened at $22.12 on Friday. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.86 and a current ratio of 1.13. The stock has a 50-day simple moving average of $21.33 and a two-hundred day simple moving average of $19.73. The firm has a market capitalization of $621.80 million, a PE ratio of -10.64 and a beta of 1.59. Enviri Corporation has a 52-week low of $7.70 and a 52-week high of $23.56.

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 return on equity of 8.59% and a negative net margin of 7.50%.The firm had revenue of $549.80 million for the quarter, compared to the consensus estimate of $465.37 million. During the same quarter last year, the company earned ($0.18) earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts forecast that Enviri Corporation will post -0.45 EPS for the current 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 $15.00 dividend. The ex-dividend date of this dividend was Monday, June 1st.

Wall Street Analysts Forecast Growth

NVRI has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. BMO Capital Markets upped their target price on shares of Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Enviri to a “hold” rating in a research report on Saturday, June 13th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.25.

Insider Buying and Selling

In other news, CFO Peter Francis Minan bought 8,333 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average price of $19.25 per share, for a total transaction of $160,410.25. Following the purchase, the chief financial officer owned 16,434 shares in the company, valued at approximately $316,354.50. The trade was a 102.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Enviri 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.