Vanguard Group Inc. Has $36.74 Million Stock Position in Enviri Corporation $NVRI

Key Points

• Vanguard Group Inc. reduced its holdings in Enviri Corporation by 3.3%, now owning approximately 6.89% of the company, valued at about $36.7 million.
• Enviri reported a quarterly loss with an EPS of ($0.22), missing analysts' expectations, and its revenue decreased by 7.9% year-over-year.
• Analysts have downgraded Enviri's rating from "hold" to "sell", with a consensus target price set at $10.00.

Vanguard Group Inc. cut its stake in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,524,733 shares of the company's stock after selling 189,966 shares during the quarter. Vanguard Group Inc. owned approximately 6.89% of Enviri worth $36,739,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVRI. Wells Fargo & Company MN lifted its holdings in shares of Enviri by 23.7% during the fourth quarter. Wells Fargo & Company MN now owns 47,222 shares of the company's stock valued at $364,000 after acquiring an additional 9,049 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Enviri during the fourth quarter valued at $86,000. Raymond James Financial Inc. bought a new position in shares of Enviri during the fourth quarter valued at $943,000. Barclays PLC lifted its holdings in shares of Enviri by 5.6% during the fourth quarter. Barclays PLC now owns 139,541 shares of the company's stock valued at $1,074,000 after acquiring an additional 7,435 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Enviri by 2.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock valued at $606,000 after acquiring an additional 1,751 shares during the period. 93.43% of the stock is owned by institutional investors.

Enviri Trading Up 1.9%

NYSE:NVRI traded up $0.21 on Friday, hitting $11.28. 1,639,938 shares of the stock were exchanged, compared to its average volume of 1,262,625. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.88 and a current ratio of 1.19. The company's 50-day moving average price is $9.38 and its 200 day moving average price is $7.87. Enviri Corporation has a 52 week low of $4.72 and a 52 week high of $11.95. The stock has a market capitalization of $909.81 million, a price-to-earnings ratio of -5.76 and a beta of 1.77.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $562.25 million during the quarter, compared to analyst estimates of $576.50 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Enviri's revenue for the quarter was down 7.9% compared to the same quarter last year. 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 research analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

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 data from MarketBeat, Enviri has a consensus rating of "Hold" and an average price target of $10.00.

Enviri Company 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.