Arve Hanstveit Sells 38,418 Shares of Energy Recovery (NASDAQ:ERII) Stock

Energy Recovery, Inc. (NASDAQ:ERII) Director Arve Hanstveit sold 38,418 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $10.71, for a total value of $411,456.78. Following the transaction, the director directly owned 586,802 shares in the company, valued at $6,284,649.42. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Arve Hanstveit also recently made the following trade(s):

• On Friday, March 6th, Arve Hanstveit sold 11,582 shares of Energy Recovery stock. The shares were sold at an average price of $10.62, for a total value of $123,000.84.

Energy Recovery Trading Up 4.8%

ERII stock traded up $0.51 during midday trading on Monday, hitting $11.12. The company had a trading volume of 1,759,548 shares, compared to its average volume of 538,514. Energy Recovery, Inc. has a 52 week low of $9.59 and a 52 week high of $18.32. The stock has a market cap of $587.47 million, a price-to-earnings ratio of 25.86 and a beta of 1.10. The stock’s 50 day moving average price is $14.19 and its 200 day moving average price is $14.74.

Energy Recovery (NASDAQ:ERII) last released its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.14). The firm had revenue of $66.59 million during the quarter, compared to analysts’ expectations of $82.59 million. Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. Analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ERII. Amundi boosted its position in shares of Energy Recovery by 323.6% during the fourth quarter. Amundi now owns 2,851,691 shares of the industrial products company’s stock valued at $38,457,000 after buying an additional 2,178,560 shares during the last quarter. Alpha Wave Global LP lifted its stake in Energy Recovery by 132.2% during the 2nd quarter. Alpha Wave Global LP now owns 714,321 shares of the industrial products company’s stock valued at $9,129,000 after acquiring an additional 406,700 shares during the period. ArrowMark Colorado Holdings LLC purchased a new stake in shares of Energy Recovery during the 4th quarter valued at about $5,086,000. State Street Corp boosted its holdings in shares of Energy Recovery by 22.6% during the 4th quarter. State Street Corp now owns 1,764,522 shares of the industrial products company’s stock valued at $23,803,000 after acquiring an additional 325,280 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Energy Recovery by 32.2% in the third quarter. Legal & General Group Plc now owns 1,307,738 shares of the industrial products company’s stock worth $20,165,000 after acquiring an additional 318,584 shares during the period. 83.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ERII shares. Northcoast Research assumed coverage on shares of Energy Recovery in a research report on Friday. They set a “buy” rating and a $14.00 price objective on the stock. Loop Capital set a $13.00 price target on shares of Energy Recovery in a research note on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Energy Recovery Company Profile

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.