Barrow Hanley Mewhinney & Strauss LLC Sells 241,764 Shares of Enviri Co. (NYSE:NVRI)

Barrow Hanley Mewhinney & Strauss LLC reduced its holdings in shares of Enviri Co. (NYSE:NVRI) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,057,167 shares of the company’s stock after selling 241,764 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 6.31% of Enviri worth $38,940,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. FMR LLC grew its stake in Enviri by 34.4% in 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 in the last quarter. AXQ Capital LP purchased a new position in Enviri during the 4th quarter worth $88,000. KLP Kapitalforvaltning AS purchased a new position in Enviri during the 4th quarter worth $102,000. Stoneridge Investment Partners LLC raised its position in Enviri by 20.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company’s stock valued at $108,000 after purchasing an additional 2,412 shares in the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Enviri in the 4th quarter worth $126,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Insider Buying and Selling

In related news, SVP Russell C. Hochman bought 40,127 shares of the business’s stock in a transaction on 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 completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tom George Vadaketh purchased 40,297 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were purchased 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 owns 132,431 shares of the company’s stock, valued at approximately $821,072.20. The trade was a 43.74 % increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by insiders.

Enviri Stock Performance

Shares of Enviri stock opened at $6.65 on Monday. 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’s fifty day moving average price is $7.80 and its 200-day moving average price is $8.33. The firm has a market cap of $533.02 million, a P/E ratio of -4.18 and a beta of 2.19. Enviri Co. has a 12 month low of $5.67 and a 12 month high of $12.79.

Enviri (NYSE:NVRI) last posted its quarterly 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 business had revenue of $558.71 million during the quarter, compared to analyst estimates of $578.98 million. During the same quarter in the previous year, the business posted ($0.07) EPS. On average, equities research analysts expect that Enviri Co. will post -0.13 earnings per share for the current fiscal 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.