Advisory Research Inc. Invests $1.08 Million in Energy Recovery, Inc. (ERII)

Advisory Research Inc. bought a new position in Energy Recovery, Inc. (NASDAQ:ERII) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 123,355 shares of the industrial products company’s stock, valued at approximately $1,079,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ERII. Schwab Charles Investment Management Inc. boosted its position in shares of Energy Recovery by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 119,212 shares of the industrial products company’s stock valued at $989,000 after buying an additional 741 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Energy Recovery by 51.5% during the second quarter. Alliancebernstein L.P. now owns 30,300 shares of the industrial products company’s stock valued at $251,000 after buying an additional 10,300 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Energy Recovery by 4.4% during the second quarter. Teachers Advisors LLC now owns 68,641 shares of the industrial products company’s stock valued at $569,000 after buying an additional 2,887 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Energy Recovery by 7.0% during the second quarter. TIAA CREF Investment Management LLC now owns 97,258 shares of the industrial products company’s stock valued at $806,000 after buying an additional 6,387 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Energy Recovery by 10.9% during the second quarter. Northern Trust Corp now owns 449,189 shares of the industrial products company’s stock valued at $3,724,000 after buying an additional 44,294 shares during the last quarter. 34.31% of the stock is currently owned by hedge funds and other institutional investors.

In other Energy Recovery news, VP Andrew B. Stroud, Jr. sold 7,117 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $11.00, for a total value of $78,287.00. Following the transaction, the vice president now owns 32,398 shares of the company’s stock, valued at $356,378. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hans Peter Michelet sold 50,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $8.91, for a total value of $445,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 59,117 shares of company stock worth $545,787. 23.60% of the stock is owned by corporate insiders.

Energy Recovery, Inc. (NASDAQ ERII) opened at $7.80 on Monday. Energy Recovery, Inc. has a 1-year low of $6.13 and a 1-year high of $11.30. The firm has a market capitalization of $418.04, a PE ratio of 111.43 and a beta of 5.48.

ERII has been the topic of several recent analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $14.00 price objective on shares of Energy Recovery in a research report on Wednesday, December 20th. B. Riley increased their price objective on Energy Recovery from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. BidaskClub cut Energy Recovery from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Zacks Investment Research downgraded Energy Recovery from a “strong-buy” rating to a “sell” rating in a report on Monday, January 8th. Finally, ValuEngine raised Energy Recovery from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $15.63.

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Energy Recovery Company Profile

Energy Recovery, Inc is an energy solutions provider to industrial fluid flow markets. The Company’s solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. Its segments include Water, Oil & Gas, and Corporate. The Water Segment focuses on products sold for use in reverse osmosis water desalination.

Want to see what other hedge funds are holding ERII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Recovery, Inc. (NASDAQ:ERII).

Institutional Ownership by Quarter for Energy Recovery (NASDAQ:ERII)

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Advisory Research Inc. Invests $1.08 Million in Energy Recovery, Inc. (ERII)

Advisory Research Inc. bought a new stake in shares of Energy Recovery, Inc. (NASDAQ:ERII) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 123,355 shares of the industrial products company’s stock, valued at approximately $1,079,000. Advisory Research Inc. owned approximately 0.23% of Energy Recovery as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Energy Recovery by 64.9% during the second quarter. Goldman Sachs Group Inc. now owns 593,539 shares of the industrial products company’s stock valued at $4,920,000 after acquiring an additional 233,625 shares in the last quarter. Heartland Advisors Inc. grew its stake in Energy Recovery by 183.3% in the third quarter. Heartland Advisors Inc. now owns 850,000 shares of the industrial products company’s stock worth $6,715,000 after purchasing an additional 550,000 shares during the period. Arlington Financial Advisors LLC purchased a new stake in Energy Recovery in the fourth quarter worth $1,003,000. Neuberger Berman Group LLC grew its stake in Energy Recovery by 200.0% in the third quarter. Neuberger Berman Group LLC now owns 60,000 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 40,000 shares during the period. Finally, D.A. Davidson & CO. grew its stake in Energy Recovery by 20.1% in the third quarter. D.A. Davidson & CO. now owns 87,400 shares of the industrial products company’s stock worth $690,000 after purchasing an additional 14,600 shares during the period. Institutional investors own 34.31% of the company’s stock.

In other news, VP Andrew B. Stroud, Jr. sold 7,117 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $11.00, for a total value of $78,287.00. Following the sale, the vice president now directly owns 32,398 shares of the company’s stock, valued at $356,378. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Hans Peter Michelet sold 50,000 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $8.91, for a total value of $445,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,117 shares of company stock worth $545,787. Insiders own 23.60% of the company’s stock.

Several equities research analysts recently weighed in on ERII shares. B. Riley set a $20.00 price target on Energy Recovery and gave the stock a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research cut Energy Recovery from a “strong-buy” rating to a “sell” rating in a research note on Monday, January 8th. BidaskClub cut Energy Recovery from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Jefferies Group reaffirmed a “buy” rating and issued a $14.00 price target on shares of Energy Recovery in a research note on Wednesday, December 20th. Finally, ValuEngine raised Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Energy Recovery presently has an average rating of “Buy” and an average target price of $15.63.

Shares of Energy Recovery, Inc. (NASDAQ:ERII) opened at $7.80 on Monday. Energy Recovery, Inc. has a 12 month low of $6.13 and a 12 month high of $11.30. The company has a market capitalization of $418.04, a price-to-earnings ratio of 111.43 and a beta of 5.48.

COPYRIGHT VIOLATION WARNING: “Advisory Research Inc. Invests $1.08 Million in Energy Recovery, Inc. (ERII)” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thelincolnianonline.com/2018/02/19/advisory-research-inc-invests-1-08-million-in-energy-recovery-inc-erii.html.

About Energy Recovery

Energy Recovery, Inc is an energy solutions provider to industrial fluid flow markets. The Company’s solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. Its segments include Water, Oil & Gas, and Corporate. The Water Segment focuses on products sold for use in reverse osmosis water desalination.

Want to see what other hedge funds are holding ERII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Recovery, Inc. (NASDAQ:ERII).

Institutional Ownership by Quarter for Energy Recovery (NASDAQ:ERII)

Receive News & Ratings for Energy Recovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Recovery and related companies with MarketBeat.com's FREE daily email newsletter.

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