Royce & Associates LP Acquires New Holdings in Energy Recovery, Inc. $ERII

Royce & Associates LP bought a new stake in Energy Recovery, Inc. (NASDAQ:ERII) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 317,645 shares of the industrial products company’s stock, valued at approximately $4,898,000.

Several other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in shares of Energy Recovery by 5.1% during the 2nd 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 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,762,742 shares of the industrial products company’s stock worth $58,021,000 after purchasing an additional 137,338 shares in the last quarter. Legal & General Group Plc raised its position in Energy Recovery by 12.9% in the second quarter. Legal & General Group Plc now owns 989,154 shares of the industrial products company’s stock valued at $12,641,000 after purchasing an additional 113,141 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Energy Recovery by 42.6% during the second quarter. Invesco Ltd. now owns 861,344 shares of the industrial products company’s stock valued at $11,008,000 after purchasing an additional 257,266 shares in the last quarter. Finally, Select Equity Group L.P. grew its holdings in shares of Energy Recovery by 15.4% during the second quarter. Select Equity Group L.P. now owns 769,706 shares of the industrial products company’s stock worth $9,837,000 after purchasing an additional 102,549 shares during the last quarter. 83.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider William Yeung sold 7,271 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total value of $105,793.05. Following the transaction, the insider directly owned 90,098 shares of the company’s stock, valued at $1,310,925.90. The trade was a 7.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 10,260 shares of company stock worth $149,663 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Energy Recovery Stock Performance

NASDAQ:ERII opened at $10.72 on Thursday. Energy Recovery, Inc. has a fifty-two week low of $9.59 and a fifty-two week high of $18.32. The company has a 50 day simple moving average of $14.32 and a two-hundred day simple moving average of $14.78. The company has a market capitalization of $566.34 million, a PE ratio of 24.93 and a beta of 1.10.

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 net margin of 17.01% and a return on equity of 11.92%. The firm had revenue of $66.59 million during the quarter, compared to the consensus estimate of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. Research analysts predict that Energy Recovery, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ERII shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Recovery in a report on Monday, December 29th. Loop Capital set a $13.00 price target on shares of Energy Recovery in a research note on Monday. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Energy Recovery in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.33.

Energy Recovery 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.