Northern Trust Corp Has $6.52 Million Position in Enviri Co. (NYSE:NVRI)

Northern Trust Corp raised its holdings in shares of Enviri Co. (NYSE:NVRI - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 846,407 shares of the company's stock after buying an additional 50,041 shares during the quarter. Northern Trust Corp owned about 1.06% of Enviri worth $6,517,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Hsbc Holdings PLC grew its holdings in shares of Enviri by 5,438.2% during the fourth quarter. Hsbc Holdings PLC now owns 903,051 shares of the company's stock worth $6,873,000 after purchasing an additional 886,745 shares during the last quarter. Mill Road Capital Management LLC raised its position in Enviri by 82.6% in the 4th quarter. Mill Road Capital Management LLC now owns 1,795,131 shares of the company's stock valued at $13,823,000 after buying an additional 811,859 shares during the last quarter. Bridgewater Associates LP raised its position in Enviri by 944.3% in the 4th quarter. Bridgewater Associates LP now owns 612,997 shares of the company's stock valued at $4,720,000 after buying an additional 554,300 shares during the last quarter. Invesco Ltd. grew its stake in Enviri by 26.9% in the fourth quarter. Invesco Ltd. now owns 2,126,739 shares of the company's stock valued at $16,376,000 after purchasing an additional 450,327 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Enviri during the 4th quarter worth approximately $2,474,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Enviri

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

Enviri Stock Performance

Shares of NYSE NVRI opened at $7.86 on Tuesday. The stock has a 50 day moving average of $6.53 and a 200-day moving average of $7.38. The company has a market capitalization of $630.47 million, a P/E ratio of -4.94 and a beta of 1.79. Enviri Co. has a 12 month low of $4.72 and a 12 month high of $12.79. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $560.00 million. During the same period in the previous year, the firm earned ($0.03) EPS. The company's quarterly revenue was down 8.7% compared to the same quarter last year. As a group, equities research analysts predict that Enviri Co. will post -0.13 EPS for the current 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.

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