D.B. Root & Company LLC Makes New Investment in Enviri Co. (NYSE:NVRI)

D.B. Root & Company LLC bought a new stake in shares of Enviri Co. (NYSE:NVRIFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 53,026 shares of the company’s stock, valued at approximately $477,000. D.B. Root & Company LLC owned approximately 0.07% of Enviri at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Diversified Trust Co acquired a new position in Enviri during the fourth quarter worth $104,000. Legato Capital Management LLC acquired a new position in shares of Enviri during the 4th quarter worth approximately $1,212,000. Finally, Brookstone Capital Management purchased a new stake in shares of Enviri in the fourth quarter valued at approximately $144,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Stock Performance

Shares of Enviri stock opened at $8.22 on Monday. The business’s 50 day moving average price is $8.31 and its 200 day moving average price is $7.56. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 2.44. Enviri Co. has a one year low of $5.64 and a one year high of $10.01.

Enviri (NYSE:NVRIGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. Enviri had a negative net margin of 4.16% and a negative return on equity of 1.99%. The firm had revenue of $529.00 million for the quarter, compared to analysts’ expectations of $493.30 million. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, research analysts forecast that Enviri Co. will post -0.12 earnings per share for the current fiscal year.

About Enviri

(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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