KBC Group NV Cuts Stock Position in Energy Recovery, Inc. $ERII

KBC Group NV lessened its holdings in Energy Recovery, Inc. (NASDAQ:ERII) by 93.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 84,488 shares of the industrial products company’s stock after selling 1,144,327 shares during the quarter. KBC Group NV’s holdings in Energy Recovery were worth $1,140,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. State of Alaska Department of Revenue increased its stake in Energy Recovery by 252.9% in the 4th quarter. State of Alaska Department of Revenue now owns 10,642 shares of the industrial products company’s stock worth $142,000 after buying an additional 7,626 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Energy Recovery by 3.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,116 shares of the industrial products company’s stock valued at $2,969,000 after buying an additional 7,575 shares in the last quarter. Miller Global Investments LLC purchased a new stake in Energy Recovery during the 4th quarter valued at approximately $336,000. Kopion Asset Management LLC grew its holdings in Energy Recovery by 5.1% during the 4th quarter. Kopion Asset Management LLC now owns 334,469 shares of the industrial products company’s stock valued at $4,512,000 after buying an additional 16,182 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Energy Recovery by 12.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 37,561 shares of the industrial products company’s stock valued at $576,000 after buying an additional 4,013 shares in the last quarter. Hedge funds and other institutional investors own 83.58% of the company’s stock.

Insiders Place Their Bets

In other Energy Recovery news, Director Arve Hanstveit sold 165,292 shares of Energy Recovery stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $10.14, for a total value of $1,676,060.88. Following the completion of the transaction, the director directly owned 384,928 shares of the company’s stock, valued at $3,903,169.92. This trade represents a 30.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William Yeung sold 7,271 shares of Energy Recovery stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total transaction of $105,793.05. Following the completion of the transaction, the insider directly owned 90,098 shares of the company’s stock, valued at $1,310,925.90. The trade was a 7.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 248,811 shares of company stock valued at $2,606,175 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Recovery in a report on Monday, December 29th. Northcoast Research cut shares of Energy Recovery from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 15th. Finally, Loop Capital set a $13.00 price target on shares of Energy Recovery in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.00.

Energy Recovery Stock Down 1.1%

Shares of ERII stock opened at $10.46 on Tuesday. The stock has a market cap of $552.60 million, a P/E ratio of 24.33 and a beta of 1.08. Energy Recovery, Inc. has a 52 week low of $9.35 and a 52 week high of $18.32. The company’s fifty day simple moving average is $11.70 and its two-hundred day simple moving average is $13.79.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.14). The company had revenue of $66.59 million during the quarter, compared to analysts’ expectations of $82.59 million. Energy Recovery had a return on equity of 11.92% and a net margin of 17.01%.Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. On average, analysts anticipate that Energy Recovery, Inc. will post 0.42 EPS for the current fiscal year.

About Energy Recovery

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.