Energy Recovery, Inc. (NASDAQ:ERII – Get Free Report) CEO David W. Moon acquired 3,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $16.00 per share, with a total value of $48,000.00. Following the transaction, the chief executive officer now owns 32,750 shares in the company, valued at $524,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Energy Recovery Stock Up 0.3 %
ERII traded up $0.05 during trading on Friday, hitting $16.65. The company had a trading volume of 464,409 shares, compared to its average volume of 436,580. The company has a market capitalization of $954.54 million, a PE ratio of 48.97 and a beta of 1.23. Energy Recovery, Inc. has a one year low of $12.26 and a one year high of $28.02. The firm’s 50-day moving average price is $13.92 and its 200 day moving average price is $14.51.
Institutional Trading of Energy Recovery
Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Energy Recovery by 1.3% during the fourth quarter. Victory Capital Management Inc. now owns 81,902 shares of the industrial products company’s stock worth $1,543,000 after buying an additional 1,083 shares in the last quarter. Sentry Investment Management LLC grew its stake in shares of Energy Recovery by 23.2% during the 1st quarter. Sentry Investment Management LLC now owns 7,627 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 1,438 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Energy Recovery by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 95,559 shares of the industrial products company’s stock worth $1,270,000 after acquiring an additional 1,893 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Energy Recovery in the second quarter valued at approximately $26,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Energy Recovery by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,756 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 2,018 shares in the last quarter. 83.58% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Energy Recovery
About Energy Recovery
Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.
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