Bank of America Corp DE Boosts Holdings in Enviri Corporation $NVRI

Bank of America Corp DE lifted its stake in Enviri Corporation (NYSE:NVRI - Free Report) by 333.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 912,015 shares of the company's stock after buying an additional 701,365 shares during the quarter. Bank of America Corp DE owned approximately 1.10% of Enviri worth $17,894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVRI. Advisory Services Network LLC bought a new position in shares of Enviri during the 3rd quarter valued at about $27,000. KBC Group NV bought a new stake in shares of Enviri in the first quarter worth about $31,000. Rockefeller Capital Management L.P. lifted its position in shares of Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company's stock worth $34,000 after buying an additional 1,264 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Enviri in the fourth quarter worth about $37,000. Finally, BNP Paribas Financial Markets boosted its stake in Enviri by 43.8% during the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company's stock valued at $66,000 after buying an additional 2,322 shares during the last quarter. Institutional investors own 93.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen raised Enviri to a "hold" rating in a research note on Saturday, June 13th. BMO Capital Markets boosted their price target on Enviri from $21.00 to $24.00 and gave the company a "market perform" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $24.50.

Insider Activity

In related news, Director Carolann I. Haznedar acquired 4,875 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of $20.46 per share, with a total value of $99,742.50. Following the transaction, the director owned 42,955 shares of the company's stock, valued at approximately $878,859.30. This trade represents a 12.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter Francis Minan acquired 8,333 shares of the stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of $19.25 per share, with a total value of $160,410.25. Following the purchase, the chief financial officer owned 16,434 shares of the company's stock, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 16,154 shares of company stock valued at $319,868. 2.50% of the stock is currently owned by insiders.

Enviri Stock Performance

NYSE NVRI opened at $20.50 on Thursday. Enviri Corporation has a 1-year low of $10.10 and a 1-year high of $24.20. The stock's 50 day simple moving average is $21.99 and its 200-day simple moving average is $20.14.

Enviri (NYSE:NVRI - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.32). The business had revenue of $324.00 million for the quarter, compared to analyst estimates of $370.97 million. During the same quarter last year, the business earned $0.22 earnings per share. Enviri's quarterly revenue was down 66.7% on a year-over-year basis. As a group, sell-side analysts forecast that Enviri Corporation will post -1.55 EPS for the current year.

Enviri Dividend Announcement

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

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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