Insider Buying: Enviri (NYSE:NVRI) Director Purchases $99,742.50 in Stock

Key Points

• Enviri director Carolann Haznedar purchased 4,875 shares at an average price of $20.46, investing $99,742.50 and increasing her direct ownership by 12.8% to 42,955 shares.
• Enviri’s shares recently traded at $19.72, while the company reported quarterly losses of $0.63 per share and revenue of $324 million, missing analyst expectations on both measures.
• Analysts maintain a consensus “Hold” rating with an average price target of $24.50; institutional investors own 93.43% of the company’s stock.

Enviri Corporation (NYSE:NVRI - Get Free Report) Director Carolann Haznedar bought 4,875 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the acquisition, the director directly owned 42,955 shares in the company, valued at approximately $878,859.30. This trade represents a 12.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Enviri Stock Performance

NYSE NVRI traded down $1.19 during trading on Tuesday, hitting $19.72. The company's stock had a trading volume of 485,727 shares, compared to its average volume of 1,220,144. Enviri Corporation has a 52 week low of $9.90 and a 52 week high of $24.20. The firm has a 50 day moving average price of $22.02 and a 200 day moving average price of $20.13.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The firm had revenue of $324.00 million during the quarter, compared to the consensus estimate of $370.97 million. During the same period last year, the company earned $0.22 earnings per share. The company's revenue for the quarter was down 66.7% compared to the same quarter last year. On average, equities analysts expect that Enviri Corporation will post -1.2 EPS for the current year.

Enviri Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were issued a dividend of $15.00 per share. The ex-dividend date was Monday, June 1st.

Wall Street Analyst Weigh In

NVRI has been the subject of several research reports. Wall Street Zen upgraded shares of Enviri to a "hold" rating in a research note on Saturday, June 13th. BMO Capital Markets boosted their price target on Enviri from $21.00 to $24.00 and gave the company a "market perform" rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Enviri in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Enviri presently has a consensus rating of "Hold" and an average price target of $24.50.

Institutional Trading of Enviri

A number of large investors have recently bought and sold shares of NVRI. BlackRock Inc. acquired a new position in Enviri during the second quarter worth $45,735,000. Geode Capital Management LLC grew its holdings in shares of Enviri by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,854,838 shares of the company's stock worth $33,243,000 after purchasing an additional 7,203 shares during the last quarter. Newtyn Management LLC grew its holdings in shares of Enviri by 69.1% in the 3rd quarter. Newtyn Management LLC now owns 1,692,967 shares of the company's stock worth $21,484,000 after purchasing an additional 691,949 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of Enviri during the 3rd quarter worth about $21,367,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Enviri by 10.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,535,519 shares of the company's stock worth $27,516,000 after purchasing an additional 140,634 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors.

Enviri Company Profile

Enviri Inc NYSE: NVRI is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.

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