Key Points
- Director Arve Hanstveit sold 38,418 shares on Mar 5 at $10.71 and 11,582 shares on Mar 6 at $10.62 — a total of 50,000 shares for about $534,457 — reducing his stake by 6.14% to 586,802 shares valued at roughly $6.28M.
- Quarterly results missed expectations: Energy Recovery reported $0.53 EPS and $66.59M revenue versus analyst forecasts of $0.67 EPS and $82.59M revenue, and set FY2026 guidance of $0.50–$0.70 EPS.
- Analyst and institutional context: The stock carries a consensus "Moderate Buy" with an average price target of $15, and institutional investors own 83.58% of shares after notable increases by Ameriprise, Vanguard, Amundi and State Street.
Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) Director Arve Hanstveit sold 11,582 shares of the firm's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $10.62, for a total value of $123,000.84. Following the sale, the director directly owned 575,220 shares of the company's stock, valued at approximately $6,108,836.40. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Arve Hanstveit also recently made the following trade(s):
- On Thursday, March 5th, Arve Hanstveit sold 38,418 shares of Energy Recovery stock. The shares were sold at an average price of $10.71, for a total value of $411,456.78.
Energy Recovery Stock Up 4.8%
Shares of Energy Recovery stock opened at $11.12 on Tuesday. The firm has a market cap of $587.47 million, a PE ratio of 25.86 and a beta of 1.10. Energy Recovery, Inc. has a 52 week low of $9.59 and a 52 week high of $18.32. The business's fifty day simple moving average is $14.14 and its 200-day simple moving average is $14.71.
Energy Recovery (NASDAQ:ERII - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.14). The business had revenue of $66.59 million for the quarter, compared to analyst estimates 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. As a group, equities analysts expect that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.
Hedge Funds Weigh In On Energy Recovery
Several hedge funds have recently bought and sold shares of the company. Aristides Capital LLC purchased a new position in Energy Recovery during the 4th quarter valued at about $182,000. Invesco Ltd. increased its stake in Energy Recovery by 15.8% during the fourth quarter. Invesco Ltd. now owns 746,036 shares of the industrial products company's stock worth $10,064,000 after purchasing an additional 101,972 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Energy Recovery by 52.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 38,950 shares of the industrial products company's stock worth $525,000 after purchasing an additional 13,463 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Energy Recovery during the fourth quarter worth about $390,000. Finally, Old West Investment Management LLC boosted its stake in shares of Energy Recovery by 14.6% in the fourth quarter. Old West Investment Management LLC now owns 49,944 shares of the industrial products company's stock valued at $674,000 after purchasing an additional 6,346 shares during the period. Institutional investors and hedge funds own 83.58% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ERII. Weiss Ratings reiterated a "hold (c-)" rating on shares of Energy Recovery in a research report on Monday, December 29th. Loop Capital set a $13.00 price objective on shares of Energy Recovery in a report on Monday, March 2nd. Finally, Northcoast Research began coverage on shares of Energy Recovery in a research report on Friday. They set a "buy" rating and a $14.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.
Check Out Our Latest Stock Analysis 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.
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