Enviri Corporation $NVRI Position Lessened by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Enviri Corporation (NYSE:NVRI) by 6.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 147,500 shares of the company’s stock after selling 9,700 shares during the quarter. Swiss National Bank owned about 0.18% of Enviri worth $981,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NVRI. Wells Fargo & Company MN boosted its position in Enviri by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 47,222 shares of the company’s stock worth $364,000 after acquiring an additional 9,049 shares during the period. Envestnet Asset Management Inc. acquired a new position in Enviri during the 4th quarter worth $86,000. Raymond James Financial Inc. acquired a new position in Enviri during the 4th quarter worth $943,000. Barclays PLC boosted its position in Enviri by 5.6% during the 4th quarter. Barclays PLC now owns 139,541 shares of the company’s stock worth $1,074,000 after acquiring an additional 7,435 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Enviri by 2.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company’s stock worth $606,000 after buying an additional 1,751 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Stock Performance

Shares of NYSE NVRI opened at $11.38 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 3.55. The stock has a market capitalization of $917.72 million, a price-to-earnings ratio of -5.81 and a beta of 1.77. The stock’s fifty day simple moving average is $9.20 and its 200 day simple moving average is $7.83. Enviri Corporation has a 52-week low of $4.72 and a 52-week high of $11.95.

Enviri (NYSE:NVRI) last issued its earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.11). The company had revenue of $562.25 million during the quarter, compared to analyst estimates of $576.50 million. Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.The business’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share. Enviri has set its FY 2025 guidance at -0.520–0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. As a group, sell-side analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Enviri from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.00.

About Enviri

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.