Enviri (NYSE:NVRI) Stock Rating Lowered by Wall Street Zen

Enviri (NYSE:NVRI) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

NVRI has been the subject of several other reports. Weiss Ratings raised shares of Enviri from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 25th. BMO Capital Markets lifted their price target on shares of Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.50.

Enviri Trading Up 0.2%

NYSE NVRI opened at $22.35 on Friday. The business’s fifty day moving average is $22.17 and its 200 day moving average is $20.52. Enviri has a fifty-two week low of $11.15 and a fifty-two week high of $24.20.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.63) EPS 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. During the same period last year, the firm posted $0.22 EPS. The firm’s quarterly revenue was down 66.7% on a year-over-year basis. As a group, equities research analysts predict that Enviri will post -1.55 earnings per share for the current fiscal year.

Insider Activity at Enviri

In related news, Director Carolann Haznedar acquired 4,875 shares of Enviri stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the completion of the transaction, the director directly owned 42,955 shares in the company, valued at approximately $878,859.30. This represents a 12.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Minan bought 2,946 shares of the stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $20.27 per share, for a total transaction of $59,715.42. Following the acquisition, the chief financial officer directly owned 97,505 shares of the company’s stock, valued at approximately $1,976,426.35. This represents a 3.12% increase in their position. The disclosure for this purchase is available in the SEC filing.

Institutional Trading of Enviri

A number of large investors have recently made changes to their positions in NVRI. BlackRock Inc. purchased a new stake in Enviri during the 2nd quarter valued at $45,735,000. Geode Capital Management LLC boosted its stake in Enviri by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,854,838 shares of the company’s stock worth $33,243,000 after buying an additional 7,203 shares during the period. Newtyn Management LLC boosted its stake in Enviri by 69.1% during the third quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock worth $21,484,000 after buying an additional 691,949 shares during the period. Davidson Kempner Capital Management LP bought a new position in Enviri during the third quarter valued at $21,367,000. Finally, Charles Schwab Investment Management Inc. increased its position in Enviri by 10.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,535,519 shares of the company’s stock valued at $27,516,000 after acquiring an additional 140,634 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors.

About Enviri

Enviri Corporation, formerly known as Harsco Corporation, is an environmental solutions company that provides services for managing, processing and recycling industrial and regulated waste. The company serves customers in industries such as steelmaking, manufacturing, construction, energy and healthcare.

Enviri’s Harsco Environmental business supports steel producers with services that include the handling and processing of steel slag and other byproducts, metal recovery, material recycling and the production of processed aggregates and other products.