On December 27, 2024, NEUBERGER BERMAN GROUP LLC (Trades, Portfolio) executed a notable transaction involving Enviri Corp, a company operating in the waste management industry. The firm added 168,546 shares of Enviri Corp at a price of $7.58 per share, bringing its total holdings to 4,760,364 shares. This strategic move reflects the firm's confidence in Enviri Corp's potential to address environmental challenges and enhance its market position.
NEUBERGER BERMAN GROUP LLC: A Profile
NEUBERGER BERMAN GROUP LLC is a prominent investment firm headquartered in New York, managing a substantial portfolio equity of $128.11 billion. The firm is renowned for its focus on the technology and financial services sectors, with significant holdings in major companies such as Apple Inc (AAPL, Financial), Amazon.com Inc (AMZN, Financial), and Microsoft Corp (MSFT, Financial). This diversified investment strategy underscores the firm's commitment to leveraging growth opportunities in key sectors.
Enviri Corp: Company Overview
Enviri Corp, a USA-based company, has been publicly traded since May 1, 1956. The company operates in the waste management industry, providing a broad range of environmental services through its divisions: Harsco Environmental, Harsco Rail, and Clean Earth. Enviri Corp offers critical recycle and reuse solutions, enabling customers to address complex environmental challenges effectively.
Financial Metrics and Valuation of Enviri Corp
Enviri Corp has a market capitalization of $606.621 million and is currently trading at $7.57, slightly below the transaction price. The stock is considered modestly undervalued with a GF Value of $9.38, indicating a price to GF Value ratio of 0.81. This valuation suggests potential upside for investors, as the stock is trading below its intrinsic value.
Performance and Growth Indicators
Enviri Corp has a GF Score of 77/100, indicating likely average performance. The company's balance sheet ranks at 4/10, while its profitability rank is 5/10. Over the past three years, Enviri Corp has demonstrated revenue growth of 10.10% and EBITDA growth of 15.80%, reflecting its ability to expand its operations and improve financial performance.
Market Position and Other Gurus
Barrow, Hanley, Mewhinney & Strauss holds the largest share percentage of Enviri Corp among investment firms. Other notable investors include Joel Greenblatt (Trades, Portfolio), highlighting the interest from multiple respected market participants. This diverse investor base underscores the confidence in Enviri Corp's strategic direction and growth potential.
Implications of the Transaction
The addition of shares by NEUBERGER BERMAN GROUP LLC (Trades, Portfolio) signifies a strategic investment in Enviri Corp, reflecting the firm's confidence in the company's ability to address environmental challenges and capitalize on growth opportunities. Despite the transaction, the impact on the firm's portfolio is minimal, with Enviri Corp representing only 0.03% of the total portfolio and 5.90% of the firm's holdings in the stock. This move aligns with the firm's investment philosophy of identifying undervalued opportunities with potential for long-term growth.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
