Enviri (NYSE:NVRI) Stock Price Up 9.7% – Still a Buy?

Enviri Corporation (NYSE:NVRI)’s share price traded up 9.7% on Thursday . The company traded as high as $19.42 and last traded at $19.48. 553,684 shares were traded during trading, a decline of 65% from the average session volume of 1,591,410 shares. The stock had previously closed at $17.75.

Analyst Ratings Changes

Several research analysts have commented on NVRI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Lake Street Capital reiterated a “buy” rating and issued a $25.00 target price on shares of Enviri in a research note on Wednesday, February 25th. Finally, BMO Capital Markets raised their target price on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Enviri currently has an average rating of “Hold” and an average price target of $22.25.

Enviri Stock Performance

The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -9.47 and a beta of 1.59. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. The company has a 50 day moving average of $19.46 and a 200 day moving average of $18.60.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.36. The company had revenue of $549.80 million for 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%.Enviri’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. As a group, equities research analysts expect that Enviri Corporation will post -0.45 EPS for the current fiscal year.

Enviri Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 1st. Investors of record on Friday, January 1st were issued a $15.00 dividend. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Pertento Partners LLP bought a new position in shares of Enviri during the third quarter worth about $43,542,000. Geode Capital Management LLC lifted its holdings in Enviri by 0.4% during the 4th 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 last quarter. Newtyn Management LLC grew its position in shares of Enviri by 69.1% in the 3rd quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock worth $21,484,000 after acquiring an additional 691,949 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Enviri in the 3rd quarter valued at approximately $21,367,000. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 worth $27,516,000 after purchasing an additional 140,634 shares during the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.

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.