Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of Enviri Co. (NYSE:NVRI - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,057,167 shares of the company's stock after selling 241,764 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 6.31% of Enviri worth $38,940,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. lifted its holdings in Enviri by 30.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company's stock worth $37,156,000 after buying an additional 1,127,647 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Enviri by 3.4% in the 4th quarter. Neuberger Berman Group LLC now owns 4,746,964 shares of the company's stock valued at $36,530,000 after purchasing an additional 155,146 shares in the last quarter. Paradigm Capital Management Inc. NY raised its stake in shares of Enviri by 14.4% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company's stock valued at $34,464,000 after purchasing an additional 563,100 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Enviri by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,468,989 shares of the company's stock valued at $34,411,000 after purchasing an additional 191,777 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Enviri by 26.9% in the 4th quarter. Invesco Ltd. now owns 2,126,739 shares of the company's stock valued at $16,376,000 after purchasing an additional 450,327 shares in the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Enviri news, CFO Tom George Vadaketh acquired 40,297 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the purchase, the chief financial officer now directly owns 132,431 shares in the company, valued at $821,072.20. The trade was a 43.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Russell C. Hochman acquired 40,127 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the purchase, the senior vice president now owns 120,357 shares of the company's stock, valued at $754,638.39. This trade represents a 50.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company's stock.
Enviri Stock Up 7.0%
Shares of Enviri stock traded up $0.53 during trading on Tuesday, reaching $8.07. The company had a trading volume of 762,812 shares, compared to its average volume of 908,126. The company has a market cap of $647.08 million, a price-to-earnings ratio of -5.07 and a beta of 1.79. The firm's fifty day moving average is $6.65 and its 200-day moving average is $7.40. 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 Co. has a fifty-two week low of $4.72 and a fifty-two week high of $12.79.
Enviri (NYSE:NVRI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.03. The business had revenue of $548.28 million for the quarter, compared to analyst estimates of $560.00 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The company's revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, analysts anticipate that Enviri Co. will post -0.13 EPS for the current year.
Enviri Profile
(
Free Report)
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.
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