Vanguard Group Inc. Has $94.94 Million Stock Position in Enviri Corporation $NVRI

Vanguard Group Inc. lowered its stake in Enviri Corporation (NYSE:NVRI) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,298,108 shares of the company’s stock after selling 78,351 shares during the period. Vanguard Group Inc. owned approximately 6.57% of Enviri worth $94,942,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Pertento Partners LLP bought a new stake in shares of Enviri during the 3rd quarter worth approximately $43,542,000. Newtyn Management LLC lifted its stake in Enviri by 69.1% in the 3rd quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock valued at $21,484,000 after purchasing an additional 691,949 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new position in Enviri in the 3rd quarter valued at approximately $21,367,000. Millennium Management LLC increased its position in Enviri by 4,621.0% in the 3rd quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock valued at $17,098,000 after acquiring an additional 1,318,833 shares during the period. Finally, Angelo Gordon & CO. L.P. acquired a new position in Enviri in the 2nd quarter valued at approximately $10,706,000. Institutional investors own 93.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Finally, Lake Street Capital restated a “buy” rating and issued a $25.00 price target on shares of Enviri in a report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Enviri presently has an average rating of “Hold” and an average target price of $22.25.

Enviri Stock Down 1.1%

Enviri stock opened at $19.46 on Thursday. Enviri Corporation has a 1-year low of $7.35 and a 1-year high of $19.99. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -9.35 and a beta of 1.59. The firm’s fifty day moving average price is $18.96 and its two-hundred day moving average price is $17.85. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 5.66.

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

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.