Key Points
- SVP Rodney Clemente sold 724 shares of ERII on Feb. 5 at an average price of $14.59 for about $10,563, leaving him with 90,950 shares (a 0.79% reduction in his position).
- Shares trade near $15.81 with a 50‑day/200‑day SMA of $14.37/$14.75 and a 52‑week range of $10.86–$18.32; analysts have a consensus rating of "Moderate Buy" and a consensus target of $17.07.
- Institutional ownership is high at 83.58%, with multiple funds (e.g., Alpha Wave, Legal & General, Amundi, Qube) notably increasing their stakes recently.
Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) SVP Rodney Clemente sold 724 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $14.59, for a total transaction of $10,563.16. Following the completion of the transaction, the senior vice president owned 90,950 shares of the company's stock, valued at $1,326,960.50. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Energy Recovery Price Performance
Shares of NASDAQ:ERII opened at $15.81 on Tuesday. The firm's 50 day simple moving average is $14.37 and its 200 day simple moving average is $14.75. Energy Recovery, Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $18.32. The company has a market capitalization of $837.46 million, a price-to-earnings ratio of 46.50 and a beta of 1.09.
Institutional Investors Weigh In On Energy Recovery
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alpha Wave Global LP grew its holdings in shares of Energy Recovery by 132.2% in the second quarter. Alpha Wave Global LP now owns 714,321 shares of the industrial products company's stock valued at $9,129,000 after acquiring an additional 406,700 shares in the last quarter. Legal & General Group Plc boosted its position 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 purchasing an additional 318,584 shares during the last quarter. Royce & Associates LP purchased a new position in Energy Recovery in the third quarter worth $4,898,000. Amundi grew its stake in Energy Recovery by 87.8% in the 3rd quarter. Amundi now owns 673,131 shares of the industrial products company's stock valued at $10,515,000 after purchasing an additional 314,752 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of Energy Recovery by 146.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 459,425 shares of the industrial products company's stock valued at $5,871,000 after purchasing an additional 272,648 shares during the last quarter. 83.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on ERII shares. Loop Capital set a $18.20 price objective on Energy Recovery in a research report on Monday, November 10th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Energy Recovery in a research report on Monday, December 29th. Finally, B. Riley Financial reaffirmed a "neutral" rating on shares of Energy Recovery in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Energy Recovery has an average rating of "Moderate Buy" and a consensus target price of $17.07.
View Our Latest Stock Report on Energy Recovery
About Energy Recovery
(
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.
See Also
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].
