Enviri Corporation $NVRI Shares Sold by Vanguard Group Inc.

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. lowered its stake in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,524,733 shares of the company's stock after selling 189,966 shares during the quarter. Vanguard Group Inc. owned about 6.89% of Enviri worth $36,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Graham Capital Management L.P. boosted its holdings in Enviri by 8.7% in the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock valued at $139,000 after purchasing an additional 1,443 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Enviri by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock valued at $347,000 after purchasing an additional 1,572 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Enviri by 17.1% in the 4th 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 in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Enviri by 2.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock valued at $606,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Corton Capital Inc. boosted its holdings in Enviri by 50.9% in the 4th quarter. Corton Capital Inc. now owns 16,001 shares of the company's stock valued at $123,000 after purchasing an additional 5,400 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company's stock.

Enviri Price Performance

Shares of NVRI stock traded up $0.21 during midday trading on Monday, reaching $11.28. 1,639,938 shares of the company traded hands, compared to its average volume of 1,307,002. The firm's 50 day simple moving average is $9.43 and its two-hundred day simple moving average is $7.88. Enviri Corporation has a 1-year low of $4.72 and a 1-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 firm has a market cap of $909.81 million, a PE ratio of -5.76 and a beta of 1.89.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share (EPS) 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 analyst estimates of $576.50 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. Enviri's 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 research analysts expect that Enviri Corporation will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Enviri from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.00.

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.