Energy Recovery (NASDAQ:ERII) Director Arve Hanstveit Sells 165,292 Shares

Energy Recovery, Inc. (NASDAQ:ERII) Director Arve Hanstveit sold 165,292 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $10.14, for a total transaction of $1,676,060.88. Following the transaction, the director directly owned 384,928 shares of the company’s stock, valued at $3,903,169.92. The trade was a 30.04% decrease in their position. The transaction 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 stock was sold at an average price of $10.62, for a total transaction of $123,000.84.
• 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 Stock Up 2.2%

ERII traded up $0.22 during midday trading on Monday, hitting $10.42. 514,896 shares of the company were exchanged, compared to its average volume of 925,165. The firm has a market capitalization of $550.49 million, a P/E ratio of 23.72 and a beta of 1.08. The firm’s 50 day moving average price is $12.53 and its 200-day moving average price is $14.10. Energy Recovery, Inc. has a 1-year low of $9.35 and a 1-year 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 analysts’ consensus estimates of $0.67 by ($0.14). Energy Recovery had a return on equity of 11.92% and a net margin of 17.01%.The company had revenue of $66.59 million during the quarter, compared to analyst estimates of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. On average, sell-side analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ERII. Loop Capital set a $13.00 target price on shares of Energy Recovery in a research note on Monday, March 2nd. Northcoast Research began coverage on Energy Recovery in a report on Friday, March 6th. They set a “buy” rating and a $14.00 price target for the company. 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, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Energy Recovery currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Institutional Trading of Energy Recovery

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