PNC Financial Services Group Inc. Buys Shares of 7,233 Enviri Co. (NYSE:NVRI)

PNC Financial Services Group Inc. bought a new stake in Enviri Co. (NYSE:NVRIFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,233 shares of the company’s stock, valued at approximately $65,000.

Several other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new stake in Enviri in the 4th quarter valued at approximately $31,477,000. Charles Schwab Investment Management Inc. bought a new stake in Enviri in the 4th quarter valued at approximately $14,968,000. Leeward Investments LLC MA bought a new stake in Enviri in the 4th quarter valued at approximately $4,175,000. Principal Financial Group Inc. bought a new stake in Enviri in the 4th quarter valued at approximately $3,744,000. Finally, Federated Hermes Inc. bought a new stake in shares of Enviri during the 4th quarter worth approximately $3,511,000. Institutional investors own 93.43% of the company’s stock.

Insider Transactions at Enviri

In related news, CEO F Nicholas Grasberger III acquired 25,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were bought at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the purchase, the chief executive officer now directly owns 837,901 shares in the company, valued at approximately $6,359,668.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

Enviri Trading Down 2.0 %

Shares of Enviri stock opened at $8.54 on Friday. Enviri Co. has a 12-month low of $5.64 and a 12-month high of $10.00. The stock has a market cap of $684.05 million, a P/E ratio of -7.24 and a beta of 2.23. The company has a quick ratio of 1.03, a current ratio of 1.36 and a debt-to-equity ratio of 2.65. The business’s 50 day moving average is $8.36 and its 200-day moving average is $8.42.

Enviri (NYSE:NVRIGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 company had revenue of $600.00 million for the quarter, compared to analysts’ expectations of $509.77 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that Enviri Co. will post 0.07 earnings per share for the current fiscal year.

Enviri 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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