Barrow Hanley Global Investors Takes 5.0% Stake in Enviri Corp
Ticker: NVRI · Form: SC 13G · Filed: Feb 13, 2024 · CIK: 45876
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Barrow Hanley Global Investors now owns 5.0% of Enviri Corp, a passive institutional stake.**
AI Summary
Barrow Hanley Global Investors, an investment adviser, reported owning 5.0% of Enviri Corp's (formerly Harsco Corp) common stock as of December 31, 2023. This filing, an SC 13G, indicates a passive investment, meaning they don't intend to influence company management. For investors, this shows a significant institutional holder has a stake, which can be a vote of confidence, but also means a large block of shares could be sold without prior notice if their investment strategy changes.
Why It Matters
This filing reveals a major institutional investor, Barrow Hanley Global Investors, holds a significant 5.0% stake in Enviri Corp, signaling their belief in the company's value as of December 31, 2023.
Risk Assessment
Risk Level: low — This is a passive filing, indicating no immediate intent to influence or control the company, thus posing low risk to current operations.
Analyst Insight
Investors should note the presence of a significant institutional holder, Barrow Hanley Global Investors, which can add stability, but also understand this is a passive stake, meaning no activist pressure is expected from this investor.
Key Numbers
- 5.0% — Ownership Stake (Percentage of Enviri Corp's common stock owned by Barrow Hanley Global Investors.)
Key Players & Entities
- Barrow Hanley Global Investors (company) — the reporting person and investment adviser
- Enviri Corp (company) — the subject company whose stock was acquired
- Harsco Corp (company) — Enviri Corp's former name
- 5.0% (dollar_amount) — percentage of Enviri Corp's common stock owned by Barrow Hanley Global Investors
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- Barrow Hanley Global Investors will maintain a passive investment strategy in Enviri Corp. (Barrow Hanley Global Investors) — high confidence, target: Ongoing
- No immediate changes in Enviri Corp's management or strategic direction will occur due to this filing. (Enviri Corp) — high confidence, target: Short-term
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Barrow Hanley Global Investors, identified by IRS Identification No. 752403190.
What is the subject company whose shares were acquired?
The subject company is Enviri Corp, which was formerly known as Harsco Corp until its name change on July 3, 1992.
What percentage of Enviri Corp's common stock does Barrow Hanley Global Investors own?
Barrow Hanley Global Investors owns 5.0% of Enviri Corp's common stock.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 9.2 · Accepted 2024-02-13 11:42:05
Filing Documents
- nvri13g02132024.htm (SC 13G) — 50KB
- 0000313028-24-000010.txt ( ) — 52KB
(a)
Item 1(a) Name of Issuer: Enviri Corp 1(b) Address of Issuer's Principal Executive Offices: TWO LOGAN SQUARE, 100-120 NORTH 18TH STREET 17TH FLOOR PHILADELPHIA, PA 19103
(a)
Item 2(a) Name of Person Filing: Barrow Hanley Global Investors 2(b) Address of Principal Business Office or, if none, Residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201-2761 2(c) Citizenship: A Delaware limited liability company 2(d) Title of Class of Securities Common Stock 2(e) CUSIP Number: 415864107 Item 3 If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in a accordance with 240.13d-1(b)(1)(ii)(J). 3 Item 4 4(a) Amount beneficially owned: 5,312,351 shares 4(b) Percent of Class: 6.65% 4(c) Number of shares as to which person has: (i) Sole power to vote or to direct the vote: 5,276,297 shares (ii) Shared power to vote or to direct the vote: 36,054 shares (iii) Sole power to dispose or to direct the disposition of: 5,312,351 shares (iv) Shared power to dispose or to direct the disposition of: — Item 5 Not Applicable. Item 6 The right to receive or the power to direct