Enviri Corporation $NVRI Stock Holdings Trimmed by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Enviri Corporation by 9.4% during Q1, selling 200,576 shares and now holding approximately 1.93 million shares valued at $12.8 million.
• Enviri's stock has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, with an average target price of $10.00.
• Enviri reported a net loss in the last quarter, with an EPS of ($0.22), missing estimates by ($0.11), alongside a 7.9% decrease in revenue compared to the previous year.

Invesco Ltd. trimmed its position in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 9.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,926,163 shares of the company's stock after selling 200,576 shares during the period. Invesco Ltd. owned approximately 2.40% of Enviri worth $12,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP lifted its holdings in Enviri by 56.4% during the 1st quarter. GSA Capital Partners LLP now owns 98,906 shares of the company's stock valued at $658,000 after buying an additional 35,681 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Enviri by 2.7% in the first quarter. Principal Financial Group Inc. now owns 398,999 shares of the company's stock worth $2,653,000 after buying an additional 10,447 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Enviri in the 1st quarter valued at $74,000. GAMMA Investing LLC boosted its stake in shares of Enviri by 1,216.8% in the first quarter. GAMMA Investing LLC now owns 12,128 shares of the company's stock worth $81,000 after buying an additional 11,207 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Enviri by 122.1% during the fourth quarter. Mackenzie Financial Corp now owns 107,767 shares of the company's stock worth $830,000 after purchasing an additional 59,251 shares in the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Enviri Stock Performance

Shares of Enviri stock traded down $0.26 on Thursday, reaching $11.09. 672,288 shares of the stock were exchanged, compared to its average volume of 847,716. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $11.95. The firm has a market capitalization of $894.09 million, a PE ratio of -5.66 and a beta of 1.77. The business has a fifty day moving average price of $9.26 and a two-hundred day moving average price of $7.85.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $562.25 million for the quarter, compared to analysts' expectations of $576.50 million. During the same period last year, the firm earned $0.02 EPS. Enviri's revenue 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. As a group, research analysts anticipate that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

About Enviri

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.