Key Points
- Insider William Yeung sold 7,271 shares on Jan. 28 at an average price of $14.55 for about $105,793, reducing his stake by 7.47% to 90,098 shares (he also sold 729 shares on Feb. 2 at $14.46 for ~$10,541).
- Energy Recovery (ERII) trades near $14.81 with a market cap of about $784.5M, a P/E of 43.56, a one‑year range of $10.86–$18.32, and a consensus analyst target of $17.07 (rated a "Moderate Buy").
Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) insider William Yeung sold 729 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $14.46, for a total value of $10,541.34. Following the completion of the transaction, the insider directly owned 79,744 shares in the company, valued at approximately $1,153,098.24. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
William Yeung also recently made the following trade(s):
- On Wednesday, January 28th, William Yeung sold 7,271 shares of Energy Recovery stock. The stock was sold at an average price of $14.55, for a total value of $105,793.05.
Energy Recovery Price Performance
NASDAQ:ERII opened at $14.81 on Wednesday. The firm has a market cap of $784.49 million, a price-to-earnings ratio of 43.56 and a beta of 1.09. The firm's fifty day moving average price is $14.29 and its 200 day moving average price is $14.70. Energy Recovery, Inc. has a 1-year low of $10.86 and a 1-year high of $18.32.
Energy Recovery (NASDAQ:ERII - Get Free Report) last released its earnings results on Wednesday, November 5th. The industrial products company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $32.00 million during the quarter, compared to analysts' expectations of $29.94 million. Energy Recovery had a net margin of 14.44% and a return on equity of 10.09%. As a group, analysts expect that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Energy Recovery
A number of institutional investors and hedge funds have recently modified their holdings of ERII. Wexford Capital LP acquired a new stake in Energy Recovery in the third quarter valued at $27,000. Hantz Financial Services Inc. boosted its position in shares of Energy Recovery by 2,581.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company's stock worth $30,000 after buying an additional 1,859 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Energy Recovery in the 2nd quarter worth about $37,000. State of Alaska Department of Revenue acquired a new stake in Energy Recovery in the 3rd quarter valued at about $46,000. Finally, Comerica Bank increased its holdings in Energy Recovery by 150.5% during the 4th quarter. Comerica Bank now owns 3,868 shares of the industrial products company's stock valued at $52,000 after acquiring an additional 2,324 shares in the last quarter. Institutional investors and hedge funds own 83.58% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on ERII shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Energy Recovery in a research note on Monday, December 29th. Loop Capital set a $18.20 price objective on Energy Recovery in a research report on Monday, November 10th. Finally, B. Riley reissued a "neutral" rating on shares of Energy Recovery in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Energy Recovery has an average rating of "Moderate Buy" and a consensus price target of $17.07.
View Our Latest Report on ERII
Energy Recovery Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
