Raymond James Financial Inc. Acquires New Shares in Enviri Co. (NYSE:NVRI)

Raymond James Financial Inc. acquired a new position in shares of Enviri Co. (NYSE:NVRI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 122,513 shares of the company's stock, valued at approximately $943,000. Raymond James Financial Inc. owned approximately 0.15% of Enviri at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. purchased a new stake in Enviri during the fourth quarter valued at $86,000. AXQ Capital LP bought a new stake in shares of Enviri in the 4th quarter worth about $88,000. KLP Kapitalforvaltning AS bought a new stake in shares of Enviri in the 4th quarter worth about $102,000. Stoneridge Investment Partners LLC raised its position in shares of Enviri by 20.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock valued at $108,000 after buying an additional 2,412 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in shares of Enviri in the 4th quarter valued at about $126,000. 93.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, 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 purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Russell C. Hochman acquired 40,127 shares of the stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $6.27 per share, with a total value of $251,596.29. Following the completion of the transaction, the senior vice president now owns 120,357 shares in the company, valued at $754,638.39. This trade represents a 50.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is owned by insiders.

Enviri Trading Down 0.6%

NVRI traded down $0.04 on Friday, hitting $7.06. The company had a trading volume of 796,628 shares, compared to its average volume of 705,760. The business's fifty day simple moving average is $6.34 and its 200 day simple moving average is $7.44. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. Enviri Co. has a 12-month low of $4.72 and a 12-month high of $12.79. The company has a market cap of $566.30 million, a PE ratio of -4.44 and a beta of 1.79.

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

Enviri Company Profile

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.