Enviri (NYSE:NVRI) CFO Peter Francis Minan Buys 2,946 Shares of Stock

Key Points

• Enviri CFO Peter Francis Minan bought 2,946 shares at an average price of $20.27, investing approximately $59,715 and increasing his direct ownership by 3.12% to 97,505 shares. He also purchased 8,333 shares in June.
• Enviri reported a quarterly loss of $0.63 per share, missing the $0.31 consensus estimate, while revenue fell 66.7% year over year to $324 million, below analysts’ $370.97 million forecast.
• The stock opened at $19.72 and carries a consensus “Hold” rating, with an average analyst price target of $24.50; institutional investors own 93.43% of outstanding shares.

Enviri Corporation (NYSE:NVRI - Get Free Report) CFO Peter Francis Minan bought 2,946 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $20.27 per share, with a total value of $59,715.42. Following the transaction, the chief financial officer directly owned 97,505 shares of the company's stock, valued at approximately $1,976,426.35. This trade represents a 3.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Peter Francis Minan also recently made the following trade(s):

• On Friday, June 5th, Peter Francis Minan purchased 8,333 shares of Enviri stock. The stock was purchased at an average cost of $19.25 per share, for a total transaction of $160,410.25.

Enviri Stock Performance

Shares of Enviri stock opened at $19.72 on Wednesday. The firm has a fifty day simple moving average of $21.99 and a 200-day simple moving average of $20.13. Enviri Corporation has a 1-year low of $9.90 and a 1-year high of $24.20.

Enviri (NYSE:NVRI - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.32). The company had revenue of $324.00 million for the quarter, compared to analyst estimates of $370.97 million. The company's revenue was down 66.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. Equities research analysts anticipate that Enviri Corporation will post -1.55 earnings per share for the current fiscal year.

Enviri Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NVRI. BMO Capital Markets increased their target price on Enviri from $21.00 to $24.00 and gave the company a "market perform" rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Enviri to a "hold" rating in a research report on Saturday, June 13th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Enviri in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $24.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Equitable Holdings Inc. bought a new position in Enviri in the 2nd quarter valued at $627,000. One68 Global Capital LLC bought a new stake in shares of Enviri during the second quarter valued at approximately $329,000. Bank of America Corp DE bought a new position in Enviri in the 2nd quarter valued at $3,369,000. Bluefin Capital Management LLC bought a new stake in shares of Enviri during the second quarter worth $326,000. Finally, Kintayl Capital LP acquired a new stake in Enviri in the second quarter worth about $1,213,000. 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.

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