Enviri Co. (NYSE:NVRI) CFO Tom George Vadaketh Purchases 40,297 Shares of Stock

Enviri Co. (NYSE:NVRI) CFO Tom George Vadaketh purchased 40,297 shares of Enviri stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the transaction, the chief financial officer now directly owns 132,431 shares of the company’s stock, valued at approximately $821,072.20. The trade was a 43.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Enviri Stock Up 3.8 %

Shares of Enviri stock opened at $6.60 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The business has a 50-day moving average price of $8.06 and a 200 day moving average price of $8.54. Enviri Co. has a fifty-two week low of $5.67 and a fifty-two week high of $12.79. The firm has a market cap of $529.33 million, a P/E ratio of -4.15 and a beta of 2.19.

Enviri (NYSE:NVRI) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. The business had revenue of $558.71 million during the quarter, compared to the consensus estimate of $578.98 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. During the same quarter in the prior year, the firm earned ($0.07) EPS. On average, sell-side analysts forecast that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVRI. D. E. Shaw & Co. Inc. lifted its stake in Enviri by 30.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company’s stock valued at $37,156,000 after buying an additional 1,127,647 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Enviri by 3.4% in the 4th quarter. Neuberger Berman Group LLC now owns 4,746,964 shares of the company’s stock worth $36,530,000 after acquiring an additional 155,146 shares during the period. Paradigm Capital Management Inc. NY lifted its position in Enviri by 14.4% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company’s stock valued at $34,464,000 after purchasing an additional 563,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Enviri by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,468,989 shares of the company’s stock valued at $34,411,000 after purchasing an additional 191,777 shares during the period. Finally, State Street Corp grew its position in Enviri by 0.5% in the 3rd quarter. State Street Corp now owns 2,988,970 shares of the company’s stock worth $30,906,000 after purchasing an additional 13,902 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

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.