Charles Schwab Investment Management Inc. Purchases New Stake in Enviri Co. (NYSE:NVRI)

Charles Schwab Investment Management Inc. purchased a new stake in Enviri Co. (NYSE:NVRIFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,663,101 shares of the company’s stock, valued at approximately $14,968,000. Charles Schwab Investment Management Inc. owned 2.08% of Enviri at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in Enviri in the 4th quarter valued at $3,511,000. New York State Teachers Retirement System bought a new stake in Enviri in the 4th quarter valued at $1,182,000. Legato Capital Management LLC bought a new stake in Enviri in the 4th quarter valued at $1,212,000. Leeward Investments LLC MA acquired a new position in Enviri in the 4th quarter valued at $4,175,000. Finally, Venture Visionary Partners LLC acquired a new position in Enviri in the 4th quarter valued at $632,000. Institutional investors own 93.43% of the company’s stock.

Insider Buying and Selling at Enviri

In other news, CEO F Nicholas Grasberger III acquired 25,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were purchased at an average cost of $7.59 per share, with a total value of $189,750.00. Following the acquisition, the chief executive officer now directly owns 837,901 shares in the company, valued at approximately $6,359,668.59. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

Enviri Stock Performance

Shares of NYSE NVRI opened at $8.52 on Tuesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.36 and a quick ratio of 1.03. The stock’s fifty day moving average price is $8.29 and its two-hundred day moving average price is $8.02. Enviri Co. has a one year low of $5.64 and a one year high of $10.01. The firm has a market cap of $682.45 million, a price-to-earnings ratio of -7.22 and a beta of 2.10.

Enviri (NYSE:NVRIGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. The firm had revenue of $600.00 million for the quarter, compared to analyst estimates of $509.77 million. During the same period in the prior year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Enviri Co. will post 0.01 EPS for the current year.

Enviri Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enviri (NYSE:NVRI)

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