Vanguard Group Inc. Sells 132,614 Shares of Enviri Corporation $NVRI

Vanguard Group Inc. trimmed its stake in shares of Enviri Corporation (NYSE:NVRI) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,376,459 shares of the company’s stock after selling 132,614 shares during the period. Vanguard Group Inc. owned 6.67% of Enviri worth $68,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NVRI. BNP Paribas Financial Markets lifted its stake in Enviri by 43.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after purchasing an additional 2,322 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of Enviri during the first quarter valued at about $93,000. Envestnet Asset Management Inc. increased its holdings in shares of Enviri by 14.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after purchasing an additional 1,554 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Enviri by 88.1% in the second quarter. Tower Research Capital LLC TRC now owns 13,116 shares of the company’s stock worth $114,000 after purchasing an additional 6,144 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Enviri by 22.2% in the second quarter. Osaic Holdings Inc. now owns 14,649 shares of the company’s stock worth $127,000 after buying an additional 2,658 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVRI has been the subject of a number of research reports. Wall Street Zen raised Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research raised Enviri to a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a report on Thursday, January 22nd. Lake Street Capital reiterated a “buy” rating and set a $25.00 target price on shares of Enviri in a research report on Wednesday, February 25th. Finally, CJS Securities raised shares of Enviri to a “hold” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Enviri has an average rating of “Hold” and a consensus price target of $25.00.

Insider Activity at Enviri

In other news, SVP Jennifer Ott Kozak sold 9,692 shares of Enviri stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $18.18, for a total value of $176,200.56. Following the completion of the transaction, the senior vice president owned 8,181 shares in the company, valued at approximately $148,730.58. The trade was a 54.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Enviri Stock Down 1.4%

Shares of NYSE:NVRI opened at $17.68 on Friday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -8.34 and a beta of 1.77. Enviri Corporation has a 12 month low of $4.72 and a 12 month high of $19.48. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 5.18. The company has a 50-day moving average price of $18.60 and a 200 day moving average price of $15.49.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.03. Enviri had a negative return on equity of 13.47% and a negative net margin of 7.62%.The company had revenue of $555.01 million for the quarter, compared to analysts’ expectations of $550.90 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts predict that Enviri Corporation will post -0.13 earnings per share for the current year.

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.