21,691 Shares in Energy Recovery, Inc. (NASDAQ:ERII) Bought by Centiva Capital LP

Centiva Capital LP acquired a new stake in shares of Energy Recovery, Inc. (NASDAQ:ERII) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,691 shares of the industrial products company’s stock, valued at approximately $319,000.

Several other large investors have also bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Energy Recovery by 1.9% during the 4th quarter. Bank of America Corp DE now owns 195,607 shares of the industrial products company’s stock valued at $2,875,000 after acquiring an additional 3,735 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Energy Recovery by 24.6% during the 4th quarter. Ameriprise Financial Inc. now owns 4,953,951 shares of the industrial products company’s stock valued at $72,823,000 after acquiring an additional 978,490 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Energy Recovery by 124.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 44,759 shares of the industrial products company’s stock valued at $658,000 after acquiring an additional 24,853 shares in the last quarter. Jane Street Group LLC lifted its stake in Energy Recovery by 155.0% during the 4th quarter. Jane Street Group LLC now owns 79,280 shares of the industrial products company’s stock valued at $1,165,000 after acquiring an additional 48,191 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Energy Recovery by 4.5% during the 4th quarter. Northern Trust Corp now owns 559,587 shares of the industrial products company’s stock valued at $8,226,000 after acquiring an additional 24,299 shares in the last quarter. 83.58% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Arve Hanstveit sold 50,000 shares of Energy Recovery stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $16.34, for a total value of $817,000.00. Following the completion of the sale, the director now owns 693,182 shares of the company’s stock, valued at approximately $11,326,593.88. This trade represents a 6.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Rodney Clemente sold 21,444 shares of Energy Recovery stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $15.42, for a total value of $330,666.48. Following the completion of the sale, the senior vice president now directly owns 111,109 shares of the company’s stock, valued at approximately $1,713,300.78. This trade represents a 16.18% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ERII shares. StockNews.com cut Energy Recovery from a “buy” rating to a “hold” rating in a research note on Thursday. B. Riley cut Energy Recovery from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $12.50 in a research note on Thursday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.88.

Energy Recovery Price Performance

Shares of Energy Recovery stock opened at $11.36 on Monday. Energy Recovery, Inc. has a 1 year low of $10.86 and a 1 year high of $20.27. The firm has a market cap of $622.03 million, a PE ratio of 33.41 and a beta of 1.09. The stock has a fifty day moving average price of $15.35 and a 200-day moving average price of $15.61.

Energy Recovery (NASDAQ:ERII) last announced its earnings results on Wednesday, May 7th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.16). Energy Recovery had a net margin of 14.35% and a return on equity of 8.90%. The business had revenue of $8.07 million for the quarter, compared to analysts’ expectations of $21.97 million. During the same period in the prior year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter was down 33.1% compared to the same quarter last year. As a group, equities analysts anticipate that Energy Recovery, Inc. will post 0.36 EPS for the current fiscal year.

Energy Recovery Company Profile

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.