Public Sector Pension Investment Board Buys 53,423 Shares of Enviri Corporation $NVRI

Key Points

• The Public Sector Pension Investment Board increased its stake in Enviri Corporation by 26.6%, owning 254,114 shares worth approximately $1.69 million.
• Enviri's recent earnings report showed a loss of ($0.22) EPS, missing analysts' forecasts and marking a 7.9% decline in revenue compared to the previous year.
• Wall Street analysts have recently downgraded Enviri's stock rating from "hold" to "sell", with an average price target of $10.00.

Public Sector Pension Investment Board grew its position in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 26.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 254,114 shares of the company's stock after buying an additional 53,423 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of Enviri worth $1,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Enviri during the first quarter valued at approximately $1,441,000. Entropy Technologies LP purchased a new stake in shares of Enviri during the first quarter valued at approximately $70,000. GSA Capital Partners LLP grew its holdings in shares of Enviri by 56.4% during the first 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 during the last quarter. Principal Financial Group Inc. lifted its position in Enviri by 2.7% during the first quarter. Principal Financial Group Inc. now owns 398,999 shares of the company's stock valued at $2,653,000 after purchasing an additional 10,447 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in Enviri during the first quarter valued at approximately $74,000. Hedge funds and other institutional investors own 93.43% of the company's stock.

Enviri Price Performance

Shares of NVRI stock traded up $0.10 on Tuesday, hitting $11.38. 1,471,833 shares of the stock traded hands, compared to its average volume of 1,097,610. The firm has a market cap of $917.72 million, a price-to-earnings ratio of -5.81 and a beta of 1.77. Enviri Corporation has a 52 week low of $4.72 and a 52 week high of $11.95. The firm has a 50 day simple moving average of $9.20 and a two-hundred day simple moving average of $7.83. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.11). The firm had revenue of $562.25 million for the quarter, compared to the consensus estimate of $576.50 million. Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The firm's revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 earnings per share. 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, equities research analysts predict that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.