Energy Recovery, Inc. (NASDAQ:ERII – Get Free Report) Director Pamela Tondreau purchased 20,000 shares of Energy Recovery stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $8.34 per share, for a total transaction of $166,800.00. Following the completion of the purchase, the director owned 37,362 shares of the company’s stock, valued at $311,599.08. This trade represents a 115.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Energy Recovery Trading Down 2.4%
Energy Recovery stock traded down $0.21 during mid-day trading on Friday, hitting $8.41. The company had a trading volume of 1,245,506 shares, compared to its average volume of 827,385. The stock’s 50 day moving average price is $10.34 and its two-hundred day moving average price is $13.09. Energy Recovery, Inc. has a 12 month low of $8.14 and a 12 month high of $18.32. The company has a market capitalization of $433.45 million, a PE ratio of 22.13 and a beta of 1.04.
Energy Recovery (NASDAQ:ERII – Get Free Report) last released its earnings results on Wednesday, May 6th. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.13). Energy Recovery had a return on equity of 10.89% and a net margin of 15.07%.The company had revenue of $9.71 million during the quarter, compared to the consensus estimate of $8.37 million. Equities research analysts anticipate that Energy Recovery, Inc. will post 0.42 EPS for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on Energy Recovery
Institutional Trading of Energy Recovery
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Energy Recovery by 40.1% in the first quarter. Renaissance Technologies LLC now owns 144,265 shares of the industrial products company’s stock worth $1,453,000 after buying an additional 41,280 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Energy Recovery by 47.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 514,102 shares of the industrial products company’s stock worth $5,177,000 after buying an additional 165,915 shares in the last quarter. Caxton Associates LLP increased its position in Energy Recovery by 37.2% in the first quarter. Caxton Associates LLP now owns 25,731 shares of the industrial products company’s stock worth $259,000 after buying an additional 6,979 shares in the last quarter. Sei Investments Co. purchased a new stake in Energy Recovery in the first quarter worth about $522,000. Finally, Group One Trading LLC purchased a new stake in Energy Recovery in the first quarter worth about $41,000. Hedge funds and other institutional investors own 83.58% of the company’s stock.
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.
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