BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 63,827 Shares of Enviri Corporation $NVRI

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. significantly increased its stake in Enviri Corporation by 83.7%, acquiring an additional 63,827 shares during the first quarter.
• Enviri reported a loss of ($0.22) earnings per share for the most recent quarter, falling short of analysts' expectations, while quarterly revenue decreased by 7.9% year-over-year.
• Analysts at Wall Street Zen have dropped Enviri's rating from "hold" to "sell," signaling a lack of confidence in the company's future performance.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Enviri Corporation (NYSE:NVRI - Free Report) by 83.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,065 shares of the company's stock after purchasing an additional 63,827 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.17% of Enviri worth $931,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group lifted its position in shares of Enviri by 11,332.3% during the 1st quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock valued at $49,000 after buying an additional 7,366 shares during the last quarter. Entropy Technologies LP bought a new position in Enviri in the 1st quarter worth about $70,000. Teacher Retirement System of Texas bought a new position in Enviri in the 1st quarter worth about $74,000. Dark Forest Capital Management LP bought a new position in Enviri in the 4th quarter worth about $78,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Enviri in the 1st quarter worth about $78,000. Hedge funds and other institutional investors own 93.43% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Enviri from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.00.

Enviri Stock Up 5.8%

NVRI stock traded up $0.6050 on Friday, reaching $11.1250. 1,281,055 shares of the company traded hands, compared to its average volume of 1,045,687. Enviri Corporation has a one year low of $4.72 and a one year high of $11.95. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88. The company has a market cap of $897.23 million, a P/E ratio of -5.68 and a beta of 1.77. The firm has a fifty day simple moving average of $9.09 and a 200-day simple moving average of $7.79.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.11). Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The company had revenue of $562.25 million for the quarter, compared to the consensus estimate of $576.50 million. During the same period last year, the business earned $0.02 EPS. The firm's quarterly revenue was down 7.9% on a year-over-year basis. Enviri has set its FY 2025 guidance at -0.520--0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. Research analysts anticipate that Enviri Corporation will post -0.13 earnings per share for the current year.

Enviri 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.