Enviri Co. (NYSE:NVRI) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its stake in shares of Enviri Co. (NYSE:NVRI) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,870 shares of the company’s stock after purchasing an additional 9,821 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Enviri were worth $962,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NVRI. Hsbc Holdings PLC increased its position in Enviri by 5,438.2% in the 4th quarter. Hsbc Holdings PLC now owns 903,051 shares of the company’s stock valued at $6,873,000 after acquiring an additional 886,745 shares during the period. Bridgewater Associates LP increased its holdings in shares of Enviri by 944.3% during the fourth quarter. Bridgewater Associates LP now owns 612,997 shares of the company’s stock valued at $4,720,000 after purchasing an additional 554,300 shares during the period. Invesco Ltd. raised its stake in shares of Enviri by 26.9% during 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. Norges Bank bought a new position in Enviri in the 4th quarter valued at about $2,474,000. Finally, JPMorgan Chase & Co. increased its stake in Enviri by 111.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 491,650 shares of the company’s stock valued at $5,084,000 after buying an additional 259,606 shares during the period. 93.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Enviri

In other Enviri news, SVP Russell C. Hochman bought 40,127 shares of Enviri stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the acquisition, the senior vice president now owns 120,357 shares of the company’s stock, valued at approximately $754,638.39. This represents a 50.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tom George Vadaketh purchased 40,297 shares of the company’s stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the acquisition, the chief financial officer now directly owns 132,431 shares of the company’s stock, valued at $821,072.20. This represents a 43.74 % increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is owned by corporate insiders.

Enviri Trading Down 0.6 %

Shares of NYSE:NVRI opened at $7.06 on Friday. Enviri Co. has a twelve month low of $4.72 and a twelve 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. The firm has a market cap of $566.30 million, a P/E ratio of -4.44 and a beta of 1.79. The company has a 50 day moving average of $6.34 and a 200-day moving average of $7.46.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, topping 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 company had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Enviri 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.