Energy Recovery (NASDAQ:ERII) Director Arve Hanstveit Sells 11,582 Shares of Stock

Energy Recovery, Inc. (NASDAQ:ERII) Director Arve Hanstveit sold 11,582 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $10.62, for a total value of $123,000.84. Following the completion of the transaction, the director directly owned 575,220 shares in the company, valued at $6,108,836.40. The trade was a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, March 5th, Arve Hanstveit sold 38,418 shares of Energy Recovery stock. The stock was sold at an average price of $10.71, for a total value of $411,456.78.

Energy Recovery Price Performance

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

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Energy Recovery

Several hedge funds have recently bought and sold shares of ERII. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Energy Recovery by 4.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,984 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 613 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Energy Recovery by 2.6% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 36,649 shares of the industrial products company’s stock valued at $559,000 after purchasing an additional 914 shares during the last quarter. S&CO Inc. lifted its stake in Energy Recovery by 9.1% in the third quarter. S&CO Inc. now owns 12,000 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 1,000 shares during the last quarter. Aviva PLC increased its holdings in shares of Energy Recovery by 4.9% in the fourth quarter. Aviva PLC now owns 33,974 shares of the industrial products company’s stock worth $458,000 after buying an additional 1,599 shares during the period. Finally, Wexford Capital LP bought a new position in Energy Recovery during the 3rd quarter worth approximately $27,000. Hedge funds and other 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.