Enviri (NYSE:NVRI) Upgraded to “Hold” at Zacks Research

Enviri (NYSE:NVRI) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on NVRI. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Enviri from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, CJS Securities raised shares of Enviri to a “hold” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Enviri Price Performance

NYSE NVRI opened at $17.96 on Tuesday. Enviri has a 1 year low of $4.72 and a 1 year high of $18.74. The business’s fifty day moving average is $14.77 and its two-hundred day moving average is $11.67. The stock has a market capitalization of $1.45 billion, a P/E ratio of -8.64 and a beta of 1.77. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.90 and a current ratio of 1.20.

Enviri (NYSE:NVRI) last issued its earnings results on Monday, November 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $574.82 million during the quarter, compared to analyst estimates of $573.60 million. Enviri had a negative return on equity of 9.80% and a negative net margin of 7.42%.The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS and its Q4 2025 guidance at -0.260–0.130 EPS. On average, research analysts forecast that Enviri will post -0.13 earnings per share for the current fiscal year.

Insider Transactions at Enviri

In other Enviri news, SVP Jennifer Ott Kozak sold 9,692 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $18.18, for a total value of $176,200.56. Following the completion of the sale, the senior vice president owned 8,181 shares in the company, valued at $148,730.58. This represents a 54.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enviri

Hedge funds have recently modified their holdings of the stock. Amalgamated Bank lifted its position in Enviri by 3.6% during the 3rd quarter. Amalgamated Bank now owns 23,636 shares of the company’s stock worth $300,000 after acquiring an additional 825 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Enviri by 0.5% in the second quarter. Rhumbline Advisers now owns 238,076 shares of the company’s stock worth $2,066,000 after purchasing an additional 1,150 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Enviri by 7.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,667 shares of the company’s stock worth $179,000 after purchasing an additional 1,490 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in 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 period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Enviri by 10.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,548 shares of the company’s stock valued at $195,000 after buying an additional 1,555 shares during the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.