Charles Schwab Investment Management Inc. Sells 108,547 Shares of Enviri Corporation $NVRI

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Enviri Corporation by 10.5%, owning 922,064 shares worth approximately $6.13 million after selling 108,547 shares in the first quarter.
• Enviri's latest earnings report showed a loss of ($0.22) earnings per share, missing expectations, with revenues also down 7.9% year-over-year at $562.25 million.
• Wall Street analysts have lowered Enviri's rating from "hold" to "sell," with a consensus price target of $10.00 for the stock.

Charles Schwab Investment Management Inc. decreased its holdings in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 10.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 922,064 shares of the company's stock after selling 108,547 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.15% of Enviri worth $6,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP acquired a new stake in Enviri during the fourth quarter valued at $78,000. Envestnet Asset Management Inc. acquired a new stake in Enviri during the fourth quarter valued at $86,000. Teacher Retirement System of Texas acquired a new stake in Enviri during the first quarter valued at $74,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Enviri by 17.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock valued at $86,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Nebula Research & Development LLC acquired a new stake in Enviri during the fourth quarter valued at $93,000. Institutional investors and hedge funds own 93.43% of the company's stock.

Analyst Ratings Changes

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

Enviri Stock Up 1.9%

Shares of NYSE:NVRI traded up $0.21 on Monday, reaching $11.28. The company had a trading volume of 1,639,938 shares, compared to its average volume of 1,307,002. Enviri Corporation has a twelve month low of $4.72 and a twelve month high of $11.95. The stock has a 50-day moving average price of $9.38 and a 200 day moving average price of $7.86. The stock has a market capitalization of $909.79 million, a P/E ratio of -5.76 and a beta of 1.89. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 3.55.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings results 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 return on equity of 7.86% and a negative net margin of 7.02%.The company had revenue of $562.25 million during the quarter, compared to analyst estimates of $576.50 million. During the same period in the prior year, the firm earned $0.02 EPS. Enviri'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. On average, equities analysts expect that Enviri Corporation will post -0.13 EPS 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.