Insider Selling: Energy Recovery (NASDAQ:ERII) SVP Sells $218,226.48 in Stock

Energy Recovery, Inc. (NASDAQ:ERII) SVP Rodney Clemente sold 20,568 shares of the firm’s stock in a transaction dated 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 $1,230,844.88. This represents a 15.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rodney Clemente also recently made the following trade(s):

• On Thursday, February 5th, Rodney Clemente sold 724 shares of Energy Recovery stock. The shares were sold at an average price of $14.59, for a total transaction of $10,563.16.

Energy Recovery Price Performance

Shares of ERII stock opened at $10.61 on Monday. The company has a market capitalization of $560.53 million, a P/E ratio of 24.67 and a beta of 1.10. The company’s 50-day simple moving average is $14.19 and its two-hundred day simple moving average is $14.74. Energy Recovery, Inc. has a one year low of $9.59 and a one year high of $18.32.

Energy Recovery (NASDAQ:ERII) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $0.53 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 analysts’ expectations 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. On average, research analysts expect that Energy Recovery, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ERII has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Northcoast Research assumed coverage on Energy Recovery in a research report on Friday. They set a “buy” rating and a $14.00 price target on the stock. Finally, Loop Capital set a $13.00 price target on Energy Recovery in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Energy Recovery currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in Energy Recovery by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 5,401,044 shares of the industrial products company’s stock valued at $69,025,000 after purchasing an additional 262,151 shares in the last quarter. Vanguard Group Inc. grew its stake in Energy Recovery by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 3,852,438 shares of the industrial products company’s stock valued at $51,969,000 after purchasing an additional 89,696 shares during the last quarter. Amundi raised its holdings 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 purchasing an additional 2,178,560 shares in the last quarter. State Street Corp raised its holdings 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 worth $23,803,000 after purchasing an additional 325,280 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Energy Recovery by 2.8% during the fourth quarter. Legal & General Group Plc now owns 1,343,847 shares of the industrial products company’s stock valued at $18,128,000 after buying an additional 36,109 shares during the last quarter. 83.58% of the stock is owned by institutional investors.

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.