Energy Recovery (NASDAQ:ERII) Director Sells $24,891.51 in Stock

Energy Recovery, Inc. (NASDAQ:ERII) Director Arve Hanstveit sold 2,419 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $10.29, for a total transaction of $24,891.51. Following the transaction, the director owned 382,509 shares in the company, valued at approximately $3,936,017.61. The trade was a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, April 2nd, Arve Hanstveit sold 165,292 shares of Energy Recovery stock. The stock was sold at an average price of $10.14, for a total transaction of $1,676,060.88.
• 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 transaction of $411,456.78.

Energy Recovery Price Performance

Shares of NASDAQ ERII traded up $0.39 during trading on Wednesday, hitting $10.72. The stock had a trading volume of 713,585 shares, compared to its average volume of 633,107. Energy Recovery, Inc. has a 12 month low of $9.35 and a 12 month high of $18.32. The company has a market capitalization of $566.33 million, a PE ratio of 24.93 and a beta of 1.08. The firm has a fifty day moving average of $12.37 and a two-hundred day moving average of $14.05.

Energy Recovery (NASDAQ:ERII) last posted its earnings results on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share (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 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. On average, equities analysts expect that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Recovery in a research note on Monday, December 29th. Loop Capital set a $13.00 price target on shares of Energy Recovery in a research report on Monday, March 2nd. Finally, Northcoast Research began coverage on shares of Energy Recovery in a research report on Friday, March 6th. They set a “buy” rating and a $14.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Institutional Investors Weigh In On Energy Recovery

Several institutional investors have recently added to or reduced their stakes in ERII. Royal Bank of Canada lifted its holdings in Energy Recovery by 43.1% during the first quarter. Royal Bank of Canada now owns 16,257 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 4,899 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Energy Recovery during the first quarter valued at about $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Energy Recovery by 7.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,929 shares of the industrial products company’s stock valued at $714,000 after purchasing an additional 3,185 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Energy Recovery by 10.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,038 shares of the industrial products company’s stock valued at $3,274,000 after purchasing an additional 19,992 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Energy Recovery by 54.4% during the first quarter. Jane Street Group LLC now owns 122,369 shares of the industrial products company’s stock valued at $1,944,000 after purchasing an additional 43,089 shares during the last quarter. 83.58% of the stock is owned by hedge funds and other institutional investors.

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.