Invesco Ltd. Buys 450,327 Shares of Enviri Co. (NYSE:NVRI)

Invesco Ltd. raised its holdings in Enviri Co. (NYSE:NVRI - Free Report) by 26.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,126,739 shares of the company's stock after buying an additional 450,327 shares during the period. Invesco Ltd. owned about 2.65% of Enviri worth $16,376,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp raised its position in shares of Enviri by 0.5% in the 3rd quarter. State Street Corp now owns 2,988,970 shares of the company's stock valued at $30,906,000 after buying an additional 13,902 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Enviri by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,839,051 shares of the company's stock valued at $19,020,000 after acquiring an additional 28,166 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Enviri by 33.8% in the fourth quarter. JPMorgan Chase & Co. now owns 657,775 shares of the company's stock valued at $5,065,000 after buying an additional 166,125 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Enviri by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 388,552 shares of the company's stock valued at $2,992,000 after purchasing an additional 10,977 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Enviri by 108.2% during the 4th quarter. Intech Investment Management LLC now owns 343,261 shares of the company's stock worth $2,643,000 after buying an additional 178,425 shares in the last quarter. Institutional investors own 93.43% of the company's stock.

Enviri Stock Up 8.6 %

Shares of NVRI traded up $0.53 during trading hours on Thursday, reaching $6.66. The stock had a trading volume of 656,984 shares, compared to its average volume of 692,735. Enviri Co. has a 12 month low of $4.72 and a 12 month high of $12.79. The company has a market capitalization of $534.22 million, a price-to-earnings ratio of -4.17 and a beta of 1.97. The firm has a 50-day simple moving average of $6.42 and a 200 day simple moving average of $7.76. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.05. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The company had revenue of $558.71 million during the quarter, compared to the consensus estimate of $578.98 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Equities research analysts predict that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Russell C. Hochman bought 40,127 shares of the stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the purchase, the senior vice president now directly owns 120,357 shares of the company's stock, valued at $754,638.39. This trade represents a 50.01 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tom George Vadaketh bought 40,297 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the purchase, 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. 2.50% of the stock is currently owned by insiders.

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.