Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) Director Arve Hanstveit sold 165,292 shares of Energy Recovery stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $10.14, for a total value of $1,676,060.88. Following the transaction, the director owned 384,928 shares of the company's stock, valued at $3,903,169.92. This trade represents a 30.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Arve Hanstveit also recently made the following trade(s):
- On Friday, March 6th, Arve Hanstveit sold 11,582 shares of Energy Recovery stock. The shares were sold at an average price of $10.62, for a total value of $123,000.84.
- 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 Performance
ERII stock opened at $10.42 on Tuesday. The company has a market capitalization of $550.49 million, a P/E ratio of 24.23 and a beta of 1.08. Energy Recovery, Inc. has a 52-week low of $9.35 and a 52-week high of $18.32. The business has a 50-day simple moving average of $12.53 and a two-hundred day simple moving average of $14.10.
Energy Recovery (NASDAQ:ERII - Get Free Report) last released its quarterly earnings results 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 company had revenue of $66.59 million for the quarter, compared to analyst estimates of $82.59 million. Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. As a group, sell-side analysts forecast that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Trading of Energy Recovery
Several hedge funds have recently added to or reduced their stakes in ERII. Amundi raised its position in Energy Recovery by 323.6% in the fourth quarter. Amundi now owns 2,851,691 shares of the industrial products company's stock worth $38,457,000 after acquiring an additional 2,178,560 shares during the period. ArrowMark Colorado Holdings LLC purchased a new position in Energy Recovery in the fourth quarter valued at approximately $5,086,000. State Street Corp lifted its stake in Energy Recovery by 22.6% in the fourth quarter. State Street Corp now owns 1,764,522 shares of the industrial products company's stock valued at $23,803,000 after purchasing an additional 325,280 shares during the last quarter. Legal & General Group Plc lifted its stake 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 valued at $20,165,000 after purchasing an additional 318,584 shares during the last quarter. Finally, Royce & Associates LP purchased a new position in Energy Recovery in the third quarter valued at approximately $4,898,000. Institutional investors own 83.58% of the company's stock.
Wall Street Analysts Forecast Growth
ERII has been the subject of a number of research analyst reports. Loop Capital set a $13.00 price target on Energy Recovery in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Energy Recovery in a research report on Monday, December 29th. Finally, Northcoast Research initiated coverage on 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 equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.00.
Read Our Latest Stock Analysis on Energy Recovery
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.
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