Vanguard Trims Enviri Corp Stake to 6.2% as of Dec 29, 2023

TL;DR

**Vanguard cut its Enviri stake to 6.2%, watch for market reaction.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Enviri Corp (formerly Harsco Corp). As of December 29, 2023, Vanguard reported beneficial ownership of 4,964,484 shares of Enviri Corp's Common Stock, representing 6.2% of the company. This filing indicates a slight decrease in Vanguard's stake from its previous disclosure, which could signal a shift in their investment strategy for Enviri Corp.

Why It Matters

This matters to investors because Vanguard is a significant institutional holder, and changes in its position can influence market sentiment and potentially the stock price of Enviri Corp.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake could signal concerns about the company's future performance, potentially leading to downward pressure on the stock.

Analyst Insight

A smart investor would monitor Enviri Corp's stock performance and look for further disclosures from other major institutional holders to understand if Vanguard's reduction is an isolated event or part of a broader trend. It would also be prudent to research any recent company news or financial reports that might explain Vanguard's decision.

Key Numbers

• 4,964,484 — Shares Beneficially Owned (Represents the total number of Enviri Corp Common Stock shares Vanguard holds as of December 29, 2023.)
• 6.2% — Percentage of Class (Indicates Vanguard's ownership percentage of Enviri Corp's Common Stock, showing a significant but reduced stake.)
• December 29, 2023 — Event Date (This is the specific date when the reported ownership percentage was determined, crucial for understanding the timeliness of the data.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Enviri Corp (company) — subject company whose securities are being reported
• Harsco Corp (company) — former name of Enviri Corp
• 4,964,484 (dollar_amount) — number of shares beneficially owned by Vanguard
• 6.2% (dollar_amount) — percentage of Enviri Corp's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

• Enviri Corp's stock price may experience short-term volatility due to the disclosure of Vanguard reducing its stake. (Enviri Corp) — medium confidence, target: Within 1-2 weeks of filing date
• Other institutional investors might re-evaluate their positions in Enviri Corp following Vanguard's reduced ownership. (Institutional Investors) — low confidence, target: Within 1-3 months

FAQ

Filing Documents

• tv0857-enviricorp.htm (SC 13G/A) — 11KB
• 0001104659-24-020857.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Enviri Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: Two Logan Square, 100-120 North 18th Street, 17th Floor Philadelphia, PA 19103

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 415864107

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR