Insider Selling: Energy Recovery (NASDAQ:ERII) Director Sells 38,418 Shares of Stock

Energy Recovery, Inc. (NASDAQ:ERII) Director Arve Hanstveit sold 38,418 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $10.71, for a total transaction of $411,456.78. Following the transaction, the director directly owned 586,802 shares in the company, valued at $6,284,649.42. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.

Energy Recovery Stock Performance

Shares of Energy Recovery stock traded up $0.51 during mid-day trading on Monday, hitting $11.12. 1,759,548 shares of the stock were exchanged, compared to its average volume of 538,514. The company has a market capitalization of $587.47 million, a P/E ratio of 25.86 and a beta of 1.10. The company has a 50-day simple moving average of $14.19 and a 200 day simple moving average of $14.74. Energy Recovery, Inc. has a 12 month low of $9.59 and a 12 month 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 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.14). The business had revenue of $66.59 million during the quarter, compared to analysts’ expectations 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. Analysts predict that Energy Recovery, Inc. will post 0.36 EPS for the current year.

Institutional Trading of Energy Recovery

Large investors have recently modified their holdings of the business. Amundi grew its stake in Energy Recovery by 323.6% in the 4th quarter. Amundi now owns 2,851,691 shares of the industrial products company’s stock worth $38,457,000 after buying an additional 2,178,560 shares in the last quarter. Alpha Wave Global LP lifted its stake in Energy Recovery by 132.2% during the second quarter. Alpha Wave Global LP now owns 714,321 shares of the industrial products company’s stock worth $9,129,000 after purchasing an additional 406,700 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new position in shares of Energy Recovery during the 4th quarter valued at about $5,086,000. State Street Corp lifted its position in Energy Recovery by 22.6% in the 4th quarter. State Street Corp now owns 1,764,522 shares of the industrial products company’s stock worth $23,803,000 after buying an additional 325,280 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Energy Recovery by 32.2% in the third quarter. Legal & General Group Plc now owns 1,307,738 shares of the industrial products company’s stock worth $20,165,000 after buying an additional 318,584 shares in the last quarter. Institutional investors own 83.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Loop Capital set a $13.00 price objective on shares of Energy Recovery in a report on Monday, March 2nd. Northcoast Research started coverage on shares of Energy Recovery in a report on Friday. They set a “buy” rating and a $14.00 target price on the stock. Finally, Weiss Ratings reiterated 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 issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

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.