Dimensional Fund Advisors LP Sells 486,917 Shares of Enviri Corporation $NVRI

Key Points

• Dimensional Fund Advisors cut its Enviri stake by 13.1%, selling 486,917 shares and retaining 3.22 million shares valued at approximately $63.2 million. Institutional investors collectively own 93.43% of NVRI.
• Analyst sentiment remains mixed but centered on “Hold”, with one Buy, three Hold, and one Sell rating. The consensus price target is $22.25, while BMO Capital Markets raised its target to $19.50.
• Enviri reported quarterly EPS of $0.10, beating the consensus estimate of a $0.26 loss, while revenue reached $549.8 million versus expectations of $465.4 million. Separately, CFO Peter Francis Minan purchased 8,333 shares at an average price of $19.25.

Dimensional Fund Advisors LP reduced its stake in Enviri Corporation (NYSE:NVRI - Free Report) by 13.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,220,029 shares of the company's stock after selling 486,917 shares during the period. Dimensional Fund Advisors LP owned about 3.89% of Enviri worth $63,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVRI. Bleakley Financial Group LLC boosted its position in Enviri by 3.4% in the first quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company's stock valued at $321,000 after buying an additional 531 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Enviri by 5.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company's stock worth $317,000 after buying an additional 872 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Enviri by 204.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company's stock valued at $34,000 after acquiring an additional 1,264 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Enviri by 14.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company's stock valued at $110,000 after acquiring an additional 1,554 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Enviri during the 1st quarter valued at $31,000. 93.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on NVRI. BMO Capital Markets increased their target price on Enviri from $19.00 to $19.50 and gave the company a "market perform" rating in a research report on Tuesday, May 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Enviri in a report on Tuesday, April 21st. Finally, Wall Street Zen raised Enviri to a "hold" rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $22.25.

Enviri Trading Up 0.1%

NYSE NVRI opened at $22.24 on Friday. The firm has a market capitalization of $625.03 million, a PE ratio of -10.69 and a beta of 1.59. The business's 50-day moving average price is $21.60 and its two-hundred day moving average price is $19.87. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66. Enviri Corporation has a 12 month low of $7.70 and a 12 month high of $23.56.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.36. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The company had revenue of $549.80 million during the quarter, compared to the consensus estimate of $465.37 million. During the same period last year, the company earned ($0.18) earnings per share. The firm's revenue was up .3% compared to the same quarter last year. On average, analysts expect that Enviri Corporation will post -0.45 EPS for the current year.

Enviri Announces Dividend

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

Insider Buying and Selling

In other Enviri news, CFO Peter Francis Minan purchased 8,333 shares of the firm's stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $19.25 per share, for a total transaction of $160,410.25. Following the acquisition, the chief financial officer owned 16,434 shares in the company, valued at approximately $316,354.50. The trade was a 102.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company's stock.

Enviri 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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