Credit Industriel ET Commercial Buys 50,000 Shares of Enviri Corporation $NVRI

Credit Industriel ET Commercial raised its stake in shares of Enviri Corporation (NYSE:NVRI) by 38.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,000 shares of the company’s stock after buying an additional 50,000 shares during the period. Credit Industriel ET Commercial’s holdings in Enviri were worth $3,532,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baird Financial Group Inc. bought a new stake in shares of Enviri in the first quarter worth $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Enviri by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock valued at $313,000 after acquiring an additional 2,028 shares during the period. Empowered Funds LLC boosted its position in Enviri by 3.1% in the first quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock worth $2,638,000 after purchasing an additional 11,762 shares during the last quarter. Jane Street Group LLC boosted its position in Enviri by 116.0% in the first quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock worth $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. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Enviri

In other news, CFO Peter Francis Minan purchased 8,333 shares of the company’s stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $19.25 per share, for a total transaction of $160,410.25. Following the completion of the transaction, the chief financial officer directly owned 16,434 shares in the company, valued at $316,354.50. This trade represents a 102.86% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.

Enviri Stock Performance

Shares of NVRI opened at $23.05 on Tuesday. The business has a 50-day simple moving average of $20.41 and a two-hundred day simple moving average of $19.30. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. Enviri Corporation has a 52 week low of $7.70 and a 52 week high of $23.56. The stock has a market cap of $647.66 million, a price-to-earnings ratio of -11.08 and a beta of 1.59.

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

Enviri Announces Dividend

The company also recently declared 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 of this dividend was Monday, June 1st.

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.