Northern Trust Corp Increases Stake in Enviri Co. (NYSE:NVRI)

Northern Trust Corp increased its stake in shares of Enviri Co. (NYSE:NVRI - Free Report) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846,407 shares of the company's stock after purchasing an additional 50,041 shares during the quarter. Northern Trust Corp owned 1.06% of Enviri worth $6,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stoneridge Investment Partners LLC raised its holdings in shares of Enviri by 20.8% in the 4th quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock valued at $108,000 after purchasing an additional 2,412 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Enviri in the fourth quarter valued at $126,000. Principal Financial Group Inc. lifted its holdings in Enviri by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 388,552 shares of the company's stock worth $2,992,000 after buying an additional 10,977 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Enviri by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 163,017 shares of the company's stock worth $1,255,000 after buying an additional 27,621 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Enviri during the 4th quarter worth about $943,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Enviri Stock Down 1.8%

Shares of NVRI traded down $0.14 during mid-day trading on Friday, reaching $7.52. The company's stock had a trading volume of 883,143 shares, compared to its average volume of 724,013. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99. Enviri Co. has a 12-month low of $4.72 and a 12-month high of $12.79. The stock has a market cap of $603.36 million, a PE ratio of -4.73 and a beta of 1.79. The company's 50 day moving average is $6.64 and its 200 day moving average is $7.39.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.03. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The firm had revenue of $548.28 million during the quarter, compared to the consensus estimate of $560.00 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The firm's quarterly revenue was down 8.7% compared to the same quarter last year. Equities analysts anticipate that Enviri Co. will post -0.13 EPS for the current fiscal year.

Insider Activity at Enviri

In related news, SVP Russell C. Hochman acquired 40,127 shares of the firm's stock in a transaction on Friday, March 14th. The stock was bought at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the purchase, the senior vice president now directly owns 120,357 shares of the company's stock, valued at approximately $754,638.39. The trade was a 50.01% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Tom George Vadaketh bought 40,297 shares of the business's stock in a transaction dated Friday, March 14th. The shares were purchased at an average price of $6.20 per share, for a total transaction of $249,841.40. Following the transaction, the chief financial officer now directly owns 132,431 shares of the company's stock, valued at approximately $821,072.20. This represents a 43.74% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.50% of the company's stock.

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.