Energy Recovery, Inc. (NASDAQ:ERII) VP Emily Smith sold 7,868 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $10.90, for a total value of $85,761.20. Following the sale, the vice president now owns 48,773 shares in the company, valued at approximately $531,625.70. The sale was disclosed in a filing with the SEC, which is available through this link.

Emily Smith also recently made the following trade(s):

  • On Friday, February 15th, Emily Smith sold 10,000 shares of Energy Recovery stock. The shares were sold at an average price of $8.00, for a total value of $80,000.00.

Shares of NASDAQ:ERII opened at $10.44 on Friday. The company has a market capitalization of $568.76 million, a price-to-earnings ratio of 45.39 and a beta of 4.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.55 and a current ratio of 4.85. Energy Recovery, Inc. has a 52-week low of $6.17 and a 52-week high of $11.11.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $19.80 million for the quarter, compared to analyst estimates of $15.98 million. Energy Recovery had a return on equity of 11.72% and a net margin of 39.35%. The company’s quarterly revenue was up 43.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Equities research analysts anticipate that Energy Recovery, Inc. will post 0.25 earnings per share for the current year.

Several research analysts have issued reports on ERII shares. BidaskClub upgraded Energy Recovery from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. JMP Securities reiterated a “buy” rating and issued a $13.00 price target on shares of Energy Recovery in a report on Monday, March 11th. ValuEngine upgraded Energy Recovery from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Finally, TheStreet upgraded Energy Recovery from a “c+” rating to a “b” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $14.33.

A number of large investors have recently made changes to their positions in ERII. Legal & General Group Plc increased its position in shares of Energy Recovery by 44.4% during the fourth quarter. Legal & General Group Plc now owns 7,455 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 2,294 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Energy Recovery by 53,485.7% during the first quarter. BNP Paribas Arbitrage SA now owns 7,502 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 7,488 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Energy Recovery by 262.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,783 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 7,083 shares during the last quarter. SEI Investments Co increased its position in shares of Energy Recovery by 22.5% during the first quarter. SEI Investments Co now owns 10,387 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 1,907 shares during the last quarter. Finally, ETF Managers Group LLC increased its position in shares of Energy Recovery by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 15,865 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 2,163 shares during the last quarter. Institutional investors and hedge funds own 33.43% of the company’s stock.

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Energy Recovery Company Profile

Energy Recovery, Inc provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, MTeq, IsoBoost, and IsoGen names. The company operates through Water and Oil & Gas segments. It offers pressure exchanger energy recovery devices for water desalination plants; hydraulic turbochargers for low-pressure brackish, high-pressure seawater reverse osmosis systems, and other water treatment applications; and high-pressure and circulation pumps for small- to medium-sized desalination plants.

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Insider Buying and Selling by Quarter for Energy Recovery (NASDAQ:ERII)

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