Dimensional Fund Advisors LP Purchases 191,777 Shares of Enviri Co. (NYSE:NVRI)

Dimensional Fund Advisors LP grew its position in Enviri Co. (NYSE:NVRI - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,468,989 shares of the company's stock after purchasing an additional 191,777 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.58% of Enviri worth $34,411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in Enviri by 2.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock worth $606,000 after acquiring an additional 1,751 shares during the last quarter. Bridgewater Associates LP lifted its position in shares of Enviri by 944.3% during the 4th quarter. Bridgewater Associates LP now owns 612,997 shares of the company's stock worth $4,720,000 after purchasing an additional 554,300 shares during the last quarter. Barclays PLC boosted its stake in Enviri by 5.6% during the 4th quarter. Barclays PLC now owns 139,541 shares of the company's stock valued at $1,074,000 after purchasing an additional 7,435 shares during the period. Optimize Financial Inc acquired a new stake in Enviri in the 4th quarter valued at approximately $146,000. Finally, Brightline Capital Management LLC increased its position in Enviri by 10.5% in the 4th quarter. Brightline Capital Management LLC now owns 1,105,000 shares of the company's stock worth $8,508,000 after buying an additional 105,000 shares during the period. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Stock Performance

Shares of NVRI traded up $0.16 during mid-day trading on Wednesday, hitting $7.12. The company's stock had a trading volume of 1,066,767 shares, compared to its average volume of 704,012. The firm has a market capitalization of $570.72 million, a PE ratio of -4.47 and a beta of 1.79. Enviri Co. has a one year low of $4.72 and a one year high of $12.79. The stock's 50-day moving average is $6.29 and its two-hundred day moving average is $7.52. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.03. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The company had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business's revenue was down 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Enviri Co. will post -0.13 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Russell C. Hochman bought 40,127 shares of the business's stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the purchase, the senior vice president now owns 120,357 shares of the company's stock, valued at approximately $754,638.39. The trade was a 50.01 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tom George Vadaketh acquired 40,297 shares of Enviri stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the purchase, the chief financial officer now owns 132,431 shares of the company's stock, valued at approximately $821,072.20. This represents a 43.74 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company's stock.

Enviri Company Profile

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.