State Street Corp Purchases 13,902 Shares of Enviri Co. (NYSE:NVRI)

State Street Corp boosted its holdings in shares of Enviri Co. (NYSE:NVRI) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,988,970 shares of the company’s stock after purchasing an additional 13,902 shares during the period. State Street Corp’s holdings in Enviri were worth $30,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Enviri during the second quarter worth $26,000. CWM LLC increased its holdings in Enviri by 37.1% during the 3rd quarter. CWM LLC now owns 5,662 shares of the company’s stock worth $59,000 after purchasing an additional 1,532 shares in the last quarter. FMR LLC raised its stake in shares of Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock valued at $73,000 after purchasing an additional 1,809 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Enviri by 205.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company’s stock valued at $83,000 after purchasing an additional 5,411 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Enviri during the third quarter worth about $127,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BMO Capital Markets dropped their target price on Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, November 1st.

Enviri Stock Performance

Shares of NVRI stock opened at $7.63 on Friday. The firm has a market cap of $611.43 million, a PE ratio of -6.20 and a beta of 2.17. Enviri Co. has a 12 month low of $6.57 and a 12 month high of $12.79. The company’s fifty day simple moving average is $8.09 and its 200-day simple moving average is $9.39. The company has a quick ratio of 0.99, a current ratio of 1.30 and a debt-to-equity ratio of 2.72.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The business had revenue of $573.60 million for the quarter, compared to the consensus estimate of $613.63 million. Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. Equities research analysts expect that Enviri Co. will post -0.11 EPS for the current fiscal 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.