Key Points
- Director Arve Hanstveit sold 15,000 shares of Energy Recovery on Dec. 4 at an average price of $14.97 for proceeds of $224,550, trimming his stake by 2.29% to 640,220 shares (about $9.58M), according to an SEC filing.
- Company snapshot and results: ERII has a $768M market cap, P/E of 42.65 and a 52‑week range of $10.86–$18.32; it reported $0.12 EPS and $32.0M revenue last quarter (both above estimates) and carries a consensus "Moderate Buy" with an average target of $17.07.
Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) Director Arve Hanstveit sold 15,000 shares of the firm's stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $14.97, for a total transaction of $224,550.00. Following the completion of the transaction, the director owned 640,220 shares of the company's stock, valued at approximately $9,584,093.40. The trade was a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Energy Recovery Price Performance
ERII stock opened at $14.50 on Tuesday. The firm has a market capitalization of $768.07 million, a P/E ratio of 42.65 and a beta of 1.13. Energy Recovery, Inc. has a 52-week low of $10.86 and a 52-week high of $18.32. The company's 50 day simple moving average is $15.49 and its 200-day simple moving average is $14.26.
Energy Recovery (NASDAQ:ERII - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Energy Recovery had a net margin of 14.44% and a return on equity of 10.09%. The firm had revenue of $32.00 million for the quarter, compared to analysts' expectations of $29.94 million. Sell-side analysts predict that Energy Recovery, Inc. will post 0.36 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. B. Riley reissued a "neutral" rating on shares of Energy Recovery in a research report on Thursday, November 6th. Loop Capital set a $18.20 target price on Energy Recovery in a report on Monday, November 10th. CJS Securities initiated coverage on shares of Energy Recovery in a research report on Tuesday, September 16th. They issued a "market outperform" rating and a $19.00 price target for the company. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Energy Recovery in a research report on Tuesday, October 14th. One equities research 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 company. Based on data from MarketBeat, Energy Recovery has a consensus rating of "Moderate Buy" and an average target price of $17.07.
View Our Latest Research Report on ERII
Institutional Investors Weigh In On Energy Recovery
Institutional investors have recently made changes to their positions in the company. Wexford Capital LP bought a new stake in shares of Energy Recovery in the 3rd quarter valued at approximately $27,000. Hantz Financial Services Inc. grew its position in Energy Recovery by 2,581.9% in the third quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company's stock worth $30,000 after acquiring an additional 1,859 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Energy Recovery during the 2nd quarter worth $37,000. State of Alaska Department of Revenue bought a new position in shares of Energy Recovery during the 3rd quarter valued at $46,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Energy Recovery by 172.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,011 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 3,803 shares during the last quarter. 83.58% of the stock is currently owned by institutional investors and hedge funds.
About Energy Recovery
(
Get Free Report)
Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.
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