State Street Corp Has $30.91 Million Holdings in Enviri Co. (NYSE:NVRI)

State Street Corp lifted its holdings in Enviri Co. (NYSE:NVRI) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,988,970 shares of the company’s stock after acquiring an additional 13,902 shares during the quarter. State Street Corp owned approximately 3.73% of Enviri worth $30,906,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Brightline Capital Management LLC bought a new position in shares of Enviri in the third quarter worth about $10,340,000. Mill Road Capital Management LLC bought a new position in Enviri in the 3rd quarter worth approximately $10,167,000. Leeward Investments LLC MA lifted its holdings in Enviri by 93.5% during the 3rd quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock worth $9,398,000 after buying an additional 439,102 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in Enviri by 11.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock valued at $32,999,000 after buying an additional 383,395 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Enviri by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock worth $35,446,000 after acquiring an additional 249,181 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Enviri Trading Up 4.1 %

Shares of NYSE NVRI opened at $7.63 on Friday. The company’s 50 day simple moving average is $8.09 and its 200 day simple moving average is $9.39. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99. Enviri Co. has a fifty-two week low of $6.57 and a fifty-two week high of $12.79. The firm has a market capitalization of $611.43 million, a P/E ratio of -6.20 and a beta of 2.17.

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