William Yeung Sells 729 Shares of Energy Recovery (NASDAQ:ERII) Stock

Energy Recovery, Inc. (NASDAQ:ERII) insider William Yeung sold 729 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $14.46, for a total value of $10,541.34. Following the completion of the sale, the insider owned 79,744 shares of the company’s stock, valued at approximately $1,153,098.24. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 shares were sold at an average price of $14.55, for a total transaction of $105,793.05.

Energy Recovery Trading Up 1.1%

Shares of Energy Recovery stock opened at $14.98 on Thursday. The firm has a fifty day simple moving average of $14.30 and a 200-day simple moving average of $14.71. The stock has a market capitalization of $793.49 million, a price-to-earnings ratio of 44.06 and a beta of 1.09. Energy Recovery, Inc. has a 1-year low of $10.86 and a 1-year high of $18.32.

Energy Recovery (NASDAQ:ERII) last posted its earnings results on Wednesday, November 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $32.00 million for the quarter, compared to analyst estimates of $29.94 million. Energy Recovery had a net margin of 14.44% and a return on equity of 10.09%. As a group, research analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ERII. Wealth Enhancement Advisory Services LLC raised its stake in shares of Energy Recovery by 4.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,984 shares of the industrial products company’s stock worth $218,000 after buying an additional 613 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Energy Recovery by 2.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 36,649 shares of the industrial products company’s stock worth $559,000 after purchasing an additional 914 shares during the period. S&CO Inc. raised its holdings in Energy Recovery by 9.1% in the third quarter. S&CO Inc. now owns 12,000 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 1,000 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Energy Recovery by 2.1% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 69,968 shares of the industrial products company’s stock valued at $894,000 after buying an additional 1,458 shares during the period. Finally, Wexford Capital LP acquired a new position in shares of Energy Recovery in the 3rd quarter valued at $27,000. 83.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ERII has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. B. Riley reaffirmed a “neutral” rating on shares of Energy Recovery in a research report on Thursday, November 6th. Finally, Loop Capital set a $18.20 target price on shares of Energy Recovery in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.07.

About Energy Recovery

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.