Kintayl Capital LP Takes Position in Enviri Corporation $NVRI

Kintayl Capital LP acquired a new position in Enviri Corporation (NYSE:NVRI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 55,281 shares of the company’s stock, valued at approximately $1,213,000.

Other large investors have also modified their holdings of the company. Advisory Services Network LLC bought a new position in Enviri in the 3rd quarter worth $27,000. KBC Group NV acquired a new position in Enviri during the 1st quarter worth $31,000. Rockefeller Capital Management L.P. boosted its holdings in Enviri by 204.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after acquiring an additional 1,264 shares during the period. Torren Management LLC bought a new stake in Enviri during the fourth quarter valued at about $37,000. Finally, State of Wyoming acquired a new stake in shares of Enviri in the second quarter valued at about $46,000. 93.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVRI. BMO Capital Markets lifted their price objective on Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded Enviri to a “hold” rating in a research note on Saturday, June 13th. One 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 an average target price of $24.50.

Enviri Stock Up 2.9%

Shares of NVRI stock opened at $21.73 on Wednesday. Enviri Corporation has a 1 year low of $10.81 and a 1 year high of $24.20. The firm’s fifty day simple moving average is $21.98 and its 200 day simple moving average is $20.20.

Enviri (NYSE:NVRI) last released its earnings results on Tuesday, August 11th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The company had revenue of $324.00 million for the quarter, compared to analysts’ expectations of $370.97 million. During the same period in the prior year, the firm posted $0.22 EPS. Enviri’s revenue was down 66.7% on a year-over-year basis. On average, analysts anticipate that Enviri Corporation will post -1.55 earnings per share for the current year.

Enviri Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were given a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.

Insider Transactions at Enviri

In related news, Director Carolann I. Haznedar bought 4,875 shares of Enviri stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the completion of the purchase, the director owned 42,955 shares in the company, valued at approximately $878,859.30. This represents a 12.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Peter Francis Minan bought 8,333 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased 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 owned 16,434 shares of the company’s stock, valued at $316,354.50. This represents a 102.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 16,154 shares of company stock valued at $319,868 in the last ninety days.

Enviri Company 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.