Insider Selling: Energy Recovery (NASDAQ:ERII) Insider Sells 7,271 Shares of Stock

Energy Recovery, Inc. (NASDAQ:ERII) insider William Yeung sold 7,271 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $14.55, for a total transaction of $105,793.05. Following the transaction, the insider owned 90,098 shares in the company, valued at approximately $1,310,925.90. This trade represents a 7.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

William Yeung also recently made the following trade(s):

• On Monday, February 2nd, William Yeung sold 729 shares of Energy Recovery stock. The shares were sold at an average price of $14.46, for a total value of $10,541.34.

Energy Recovery Stock Down 0.9%

Shares of Energy Recovery stock traded down $0.14 during trading hours on Tuesday, reaching $14.81. 381,048 shares of the stock traded hands, compared to its average volume of 318,411. Energy Recovery, Inc. has a one year low of $10.86 and a one year high of $18.32. The firm has a market capitalization of $784.49 million, a price-to-earnings ratio of 43.56 and a beta of 1.09. The company has a 50 day moving average price of $14.28 and a 200 day moving average price of $14.70.

Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Energy Recovery had a net margin of 14.44% and a return on equity of 10.09%. The firm had revenue of $32.00 million during the quarter, compared to the consensus estimate of $29.94 million. Sell-side analysts anticipate that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Loop Capital set a $18.20 price target on shares of Energy Recovery in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Energy Recovery in a report on Monday, December 29th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Energy Recovery in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.07.

Institutional Investors Weigh In On Energy Recovery

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Energy Recovery by 43.1% in the first quarter. Royal Bank of Canada now owns 16,257 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 4,899 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Energy Recovery during the 1st quarter valued at $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Energy Recovery by 7.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,929 shares of the industrial products company’s stock worth $714,000 after buying an additional 3,185 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Energy Recovery by 10.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,038 shares of the industrial products company’s stock worth $3,274,000 after buying an additional 19,992 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Energy Recovery by 54.4% during the 1st quarter. Jane Street Group LLC now owns 122,369 shares of the industrial products company’s stock worth $1,944,000 after buying an additional 43,089 shares in the last quarter. Institutional investors own 83.58% of the company’s stock.

Energy Recovery Company Profile

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.