Energy Recovery (NASDAQ:ERII) Insider William Yeung Sells 890 Shares of Stock

Energy Recovery, Inc. (NASDAQ:ERII) insider William Yeung sold 890 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $14.59, for a total value of $12,985.10. Following the completion of the transaction, the insider owned 78,854 shares of the company’s stock, valued at $1,150,479.86. The trade was a 1.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, February 6th, William Yeung sold 646 shares of Energy Recovery stock. The stock was sold at an average price of $15.14, for a total value of $9,780.44.
• On Monday, February 2nd, William Yeung sold 729 shares of Energy Recovery stock. The stock was sold at an average price of $14.46, for a total transaction of $10,541.34.
• On Wednesday, January 28th, William Yeung sold 7,271 shares of Energy Recovery stock. The stock was sold at an average price of $14.55, for a total value of $105,793.05.

Energy Recovery Price Performance

NASDAQ:ERII opened at $15.81 on Tuesday. Energy Recovery, Inc. has a 1-year low of $10.86 and a 1-year high of $18.32. The firm has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $14.75. The firm has a market cap of $837.46 million, a PE ratio of 46.50 and a beta of 1.09.

Wall Street Analysts Forecast Growth

ERII has been the topic of a number of research analyst reports. B. Riley Financial reiterated a “neutral” rating on shares of Energy Recovery in a report on Thursday, November 6th. Loop Capital set a $18.20 target price on Energy Recovery in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.07.

Institutional Investors Weigh In On Energy Recovery

Hedge funds have recently modified their holdings of the business. Wexford Capital LP bought a new position in Energy Recovery during the third quarter valued at about $27,000. Hantz Financial Services Inc. lifted its position in shares of Energy Recovery by 2,581.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 1,859 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in shares of Energy Recovery during the 2nd quarter worth approximately $37,000. State of Alaska Department of Revenue bought a new stake in shares of Energy Recovery during the third quarter valued at approximately $46,000. Finally, Comerica Bank raised its stake in shares of Energy Recovery by 150.5% in the fourth quarter. Comerica Bank now owns 3,868 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 2,324 shares in the last quarter. 83.58% of the stock is owned by institutional investors.

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.