Energy Recovery, Inc. (NASDAQ:ERII) Given Average Rating of “Moderate Buy” by Analysts

Energy Recovery, Inc. (NASDAQ:ERII) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $15.00.

ERII has been the subject of several analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Energy Recovery in a report on Monday, December 29th. Northcoast Research initiated coverage on shares of Energy Recovery in a report on Friday, March 6th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Loop Capital set a $13.00 price objective on shares of Energy Recovery in a research note on Monday, March 2nd.

Insider Transactions at Energy Recovery

In other news, insider William Yeung sold 7,271 shares of Energy Recovery stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total transaction of $105,793.05. Following the completion of the sale, the insider directly owned 90,098 shares in the company, valued at approximately $1,310,925.90. This trade represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rodney Clemente sold 20,568 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $10.61, for a total transaction of $218,226.48. Following the sale, the senior vice president directly owned 116,008 shares of the company’s stock, valued at $1,230,844.88. This represents a 15.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 81,100 shares of company stock worth $905,222. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Recovery

A number of institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of Energy Recovery by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 5,401,044 shares of the industrial products company’s stock valued at $69,025,000 after acquiring an additional 262,151 shares in the last quarter. Vanguard Group Inc. increased its holdings in Energy Recovery by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 3,852,438 shares of the industrial products company’s stock worth $51,969,000 after purchasing an additional 89,696 shares during the period. Amundi raised its position in Energy Recovery by 323.6% during the 4th quarter. Amundi now owns 2,851,691 shares of the industrial products company’s stock valued at $38,457,000 after purchasing an additional 2,178,560 shares in the last quarter. State Street Corp raised its position in 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 purchasing an additional 325,280 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Energy Recovery by 2.8% in the 4th quarter. Legal & General Group Plc now owns 1,343,847 shares of the industrial products company’s stock worth $18,128,000 after buying an additional 36,109 shares during the period. 83.58% of the stock is owned by hedge funds and other institutional investors.

Energy Recovery Stock Performance

NASDAQ:ERII opened at $9.81 on Tuesday. The firm has a market capitalization of $518.26 million, a PE ratio of 22.81 and a beta of 1.10. The stock’s fifty day moving average is $12.94 and its 200 day moving average is $14.26. Energy Recovery has a fifty-two week low of $9.35 and a fifty-two week high of $18.32.

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

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.