Carolann Haznedar Purchases 4,875 Shares of Enviri (NYSE:NVRI) Stock

Enviri Corporation (NYSE:NVRI) Director Carolann Haznedar bought 4,875 shares of the company’s stock in a transaction on Monday, August 17th. The shares were acquired at an average price of $20.46 per share, with a total value of $99,742.50. Following the transaction, the director directly owned 42,955 shares of the company’s stock, valued at approximately $878,859.30. This trade represents a 12.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Enviri Trading Up 4.2%

Shares of NYSE NVRI opened at $20.50 on Thursday. The business’s 50 day moving average price is $21.99 and its 200-day moving average price is $20.14. Enviri Corporation has a fifty-two week low of $10.10 and a fifty-two week high of $24.20.

Enviri (NYSE:NVRI) last released its earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.32). The business had revenue of $324.00 million during the quarter, compared to analyst estimates of $370.97 million. The firm’s revenue for the quarter was down 66.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. Analysts forecast that Enviri Corporation 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. Shareholders of record on Friday, January 1st were issued a dividend of $15.00 per share. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Credit Industriel ET Commercial purchased a new stake in shares of Enviri in the fourth quarter worth about $2,330,000. Bank of America Corp DE increased its holdings in shares of Enviri by 333.0% during the 1st 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 in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Enviri during the 1st quarter valued at approximately $3,417,000. OMERS ADMINISTRATION Corp lifted its stake in shares of Enviri by 183.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 921,561 shares of the company’s stock valued at $18,081,000 after purchasing an additional 596,861 shares during the period. Finally, Carlson Capital L.P. acquired a new position in shares of Enviri in the 4th quarter valued at $627,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NVRI shares. BMO Capital Markets increased their target price on shares of Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded Enviri to a “hold” rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.50.

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.