Duff & Phelps Investment Management Co. Buys 59,078 Shares of Energy Recovery, Inc. $ERII

Duff & Phelps Investment Management Co. grew its stake in shares of Energy Recovery, Inc. (NASDAQ:ERII) by 23.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 308,006 shares of the industrial products company’s stock after acquiring an additional 59,078 shares during the period. Duff & Phelps Investment Management Co. owned about 0.58% of Energy Recovery worth $4,749,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in Energy Recovery by 51.7% in the third quarter. BNP Paribas Financial Markets now owns 235,313 shares of the industrial products company’s stock worth $3,629,000 after purchasing an additional 80,233 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Energy Recovery during the 3rd quarter valued at $1,808,000. Legal & General Group Plc lifted its holdings in shares of Energy Recovery by 32.2% in the 3rd quarter. Legal & General Group Plc now owns 1,307,738 shares of the industrial products company’s stock worth $20,165,000 after buying an additional 318,584 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Energy Recovery by 46.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 34,174 shares of the industrial products company’s stock worth $527,000 after buying an additional 10,875 shares during the period. Finally, Inceptionr LLC bought a new position in shares of Energy Recovery during the 3rd quarter worth $280,000. Hedge funds and other institutional investors own 83.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ERII. Weiss Ratings restated a “hold (c-)” rating on shares of Energy Recovery in a research note on Monday, December 29th. Northcoast Research started coverage on shares of Energy Recovery in a report on Friday, March 6th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Loop Capital set a $13.00 target price on shares of Energy Recovery in a research report on Monday, March 2nd. One 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. According to MarketBeat, Energy Recovery has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Energy Recovery Price Performance

Shares of NASDAQ ERII opened at $10.78 on Thursday. The stock has a market capitalization of $569.51 million, a P/E ratio of 25.07 and a beta of 1.10. Energy Recovery, Inc. has a 1-year low of $9.59 and a 1-year high of $18.32. The business has a fifty day moving average price of $14.03 and a 200 day moving average price of $14.66.

Energy Recovery (NASDAQ:ERII) last posted its earnings results on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.14). Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. The company had revenue of $66.59 million during the quarter, compared to analysts’ expectations of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. As a group, equities research analysts anticipate that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Arve Hanstveit sold 11,582 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were 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 in the company, valued at approximately $6,108,836.40. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Rodney Clemente sold 20,568 shares of Energy Recovery stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $10.61, for a total transaction of $218,226.48. Following the completion of the transaction, the senior vice president directly owned 116,008 shares in the company, valued at approximately $1,230,844.88. The trade was a 15.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 81,100 shares of company stock worth $905,222. Corporate insiders own 3.20% of the company’s stock.

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.