William Yeung Sells 7,271 Shares of Energy Recovery (NASDAQ:ERII) Stock

Energy Recovery, Inc. (NASDAQ:ERII) insider William Yeung sold 7,271 shares of Energy Recovery stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $14.55, for a total value of $105,793.05. Following the sale, the insider directly owned 90,098 shares of the company’s stock, valued at $1,310,925.90. This represents a 7.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, February 2nd, William Yeung sold 729 shares of Energy Recovery stock. The shares were sold at an average price of $14.46, for a total value of $10,541.34.

Energy Recovery Trading Up 1.1%

Shares of NASDAQ ERII opened at $14.98 on Thursday. Energy Recovery, Inc. has a 12 month low of $10.86 and a 12 month high of $18.32. The firm has a market capitalization of $793.49 million, a price-to-earnings ratio of 44.06 and a beta of 1.09. The business has a 50-day moving average of $14.30 and a 200-day moving average of $14.71.

Energy Recovery (NASDAQ:ERII) last announced its earnings results on Wednesday, November 5th. The industrial products company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Energy Recovery had a net margin of 14.44% and a return on equity of 10.09%. The business had revenue of $32.00 million for the quarter, compared to the consensus estimate of $29.94 million. On average, analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ERII. Loop Capital set a $18.20 price target on Energy Recovery in a research report on Monday, November 10th. B. Riley reissued a “neutral” rating on shares of Energy Recovery in a report on Thursday, November 6th. Finally, Weiss Ratings restated 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, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.07.

Institutional Investors Weigh In On Energy Recovery

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wexford Capital LP bought a new position in Energy Recovery during the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its stake in shares of Energy Recovery by 2,581.9% during the third quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 1,859 shares during the period. Trust Co. of Toledo NA OH bought a new position in shares of Energy Recovery in the second quarter worth approximately $37,000. State of Alaska Department of Revenue purchased a new position in shares of Energy Recovery in the third quarter worth $46,000. Finally, Comerica Bank raised its holdings in Energy Recovery by 150.5% during the 4th quarter. Comerica Bank now owns 3,868 shares of the industrial products company’s stock valued at $52,000 after buying an additional 2,324 shares during the last quarter. 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.