Enviri Co. (NYSE:NVRI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in Enviri Co. (NYSE:NVRI) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,575 shares of the company’s stock after selling 17,472 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Enviri worth $3,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVRI. SG Americas Securities LLC acquired a new position in Enviri in the first quarter worth about $100,000. Price T Rowe Associates Inc. MD increased its position in shares of Enviri by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 107,640 shares of the company’s stock valued at $985,000 after purchasing an additional 2,839 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Enviri in the first quarter worth about $70,000. First Hawaiian Bank acquired a new stake in shares of Enviri during the second quarter worth $468,000. Finally, CWM LLC grew its position in Enviri by 137.6% during the 2nd quarter. CWM LLC now owns 4,130 shares of the company’s stock worth $36,000 after purchasing an additional 2,392 shares in the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Price Performance

Shares of Enviri stock opened at $7.14 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72. The firm has a fifty day simple moving average of $9.31 and a 200-day simple moving average of $9.52. The stock has a market capitalization of $572.20 million, a price-to-earnings ratio of -5.92 and a beta of 2.22. Enviri Co. has a 1-year low of $5.65 and a 1-year high of $12.79.

Enviri (NYSE:NVRI) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The business had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. On average, sell-side analysts expect that Enviri Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.