Barrow Hanley Mewhinney & Strauss LLC lessened its stake in Enviri Co. (NYSE:NVRI - Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,057,167 shares of the company's stock after selling 241,764 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 6.31% of Enviri worth $38,940,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in NVRI. D. E. Shaw & Co. Inc. raised its holdings in Enviri by 30.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company's stock valued at $37,156,000 after acquiring an additional 1,127,647 shares in the last quarter. Neuberger Berman Group LLC increased its position 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 during the last quarter. Paradigm Capital Management Inc. NY increased its position 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings 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. lifted its position in shares of Enviri by 26.9% during the 4th quarter. Invesco Ltd. now owns 2,126,739 shares of the company's stock worth $16,376,000 after purchasing an additional 450,327 shares during the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.
Enviri Stock Down 0.2%
Shares of NVRI stock traded down $0.02 on Wednesday, reaching $8.05. 127,176 shares of the stock were exchanged, compared to its average volume of 721,881. The company has a market capitalization of $645.71 million, a price-to-earnings ratio of -5.05 and a beta of 1.79. The business's 50 day moving average price is $6.68 and its 200 day moving average price is $7.40. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. Enviri Co. has a twelve month low of $4.72 and a twelve month high of $12.79.
Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) earnings per share 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 business had revenue of $548.28 million during the quarter, compared to the consensus estimate of $560.00 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The company's revenue was down 8.7% compared to the same quarter last year. As a group, sell-side analysts expect that Enviri Co. will post -0.13 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, SVP Russell C. Hochman acquired 40,127 shares of Enviri stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the transaction, the senior vice president now directly owns 120,357 shares in the company, valued at approximately $754,638.39. This trade represents a 50.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tom George Vadaketh acquired 40,297 shares of the 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 acquisition, the chief financial officer now directly owns 132,431 shares in the company, valued at $821,072.20. This represents a 43.74% increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.
About Enviri
(
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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