UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in Enviri Co. (NYSE:NVRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Enviri Co. (NYSE:NVRI) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,073 shares of the company’s stock after buying an additional 18,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of Enviri worth $1,471,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NVRI. D. E. Shaw & Co. Inc. raised its stake in Enviri by 30.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company’s stock valued at $37,156,000 after purchasing an additional 1,127,647 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Enviri by 3.4% in the 4th quarter. Neuberger Berman Group LLC now owns 4,746,964 shares of the company’s stock valued at $36,530,000 after purchasing an additional 155,146 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Enviri by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,468,989 shares of the company’s stock worth $34,411,000 after buying an additional 191,777 shares during the period. Invesco Ltd. boosted its holdings in shares of Enviri by 26.9% in the fourth quarter. Invesco Ltd. now owns 2,126,739 shares of the company’s stock valued at $16,376,000 after acquiring an additional 450,327 shares in the last quarter. Finally, Mill Road Capital Management LLC grew its holdings in Enviri by 82.6% during the fourth quarter. Mill Road Capital Management LLC now owns 1,795,131 shares of the company’s stock worth $13,823,000 after acquiring an additional 811,859 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Enviri news, SVP Russell C. Hochman bought 40,127 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the acquisition, the senior vice president now directly owns 120,357 shares of the company’s stock, valued at approximately $754,638.39. This trade represents a 50.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tom George Vadaketh purchased 40,297 shares of Enviri stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $6.20 per share, with a total value of $249,841.40. Following the completion of the transaction, the chief financial officer now directly owns 132,431 shares of the company’s stock, valued at $821,072.20. This represents a 43.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.

Enviri Price Performance

Shares of Enviri stock opened at $8.20 on Monday. Enviri Co. has a 52 week low of $4.72 and a 52 week high of $12.79. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The stock has a market cap of $657.83 million, a PE ratio of -5.16 and a beta of 1.81. The company’s 50-day moving average price is $6.88 and its two-hundred day moving average price is $7.47.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. The business had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. As a group, sell-side analysts anticipate that Enviri Co. will post -0.13 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.