Raymond James Financial Inc. Invests $943,000 in Enviri Co. (NYSE:NVRI)

Raymond James Financial Inc. bought a new stake in shares of Enviri Co. (NYSE:NVRI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 122,513 shares of the company's stock, valued at approximately $943,000. Raymond James Financial Inc. owned approximately 0.15% of Enviri as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVRI. FMR LLC grew its holdings in shares of Enviri by 34.4% during the 3rd quarter. FMR LLC now owns 7,069 shares of the company's stock worth $73,000 after acquiring an additional 1,809 shares during the period. Stoneridge Investment Partners LLC increased its stake in shares of Enviri by 20.8% in the 4th quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company's stock worth $108,000 after acquiring an additional 2,412 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Enviri by 18.4% during the third quarter. BNP Paribas Financial Markets now owns 34,296 shares of the company's stock worth $355,000 after acquiring an additional 5,342 shares in the last quarter. Zacks Investment Management grew its holdings in Enviri by 44.7% in the third quarter. Zacks Investment Management now owns 23,708 shares of the company's stock worth $245,000 after purchasing an additional 7,323 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Enviri by 2.9% during the fourth 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 last quarter. Hedge funds and other institutional investors own 93.43% of the company's stock.

Insiders Place Their Bets

In other Enviri news, CFO Tom George Vadaketh purchased 40,297 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was purchased at an average price 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 trade represents a 43.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Russell C. Hochman acquired 40,127 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 120,357 shares of the company's stock, valued at $754,638.39. The trade was a 50.01 % 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 Stock Up 17.8 %

Shares of NVRI traded up $0.87 during mid-day trading on Wednesday, reaching $5.75. The company had a trading volume of 1,252,934 shares, compared to its average volume of 679,718. Enviri Co. has a 52 week low of $4.72 and a 52 week high of $12.79. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. The company has a market capitalization of $461.22 million, a price-to-earnings ratio of -3.62 and a beta of 1.97. The firm has a 50-day moving average price of $7.26 and a 200 day moving average price of $8.10.

Enviri (NYSE:NVRI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.05. The firm had revenue of $558.71 million for the quarter, compared to analysts' expectations of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, sell-side analysts forecast that Enviri Co. will post -0.13 EPS for the current year.

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.