Energy Recovery (NASDAQ:ERII) Insider Sells $12,985.10 in Stock

Energy Recovery, Inc. (NASDAQ:ERII) insider William Yeung sold 890 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $14.59, for a total value of $12,985.10. Following the completion of the sale, the insider directly owned 78,854 shares of the company’s stock, valued at approximately $1,150,479.86. The trade was a 1.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

William Yeung also recently made the following trade(s):

• On Friday, February 6th, William Yeung sold 646 shares of Energy Recovery stock. The stock was sold at an average price of $15.14, for a total value of $9,780.44.
• On Monday, February 2nd, William Yeung sold 729 shares of Energy Recovery stock. The shares were sold at an average price of $14.46, for a total value of $10,541.34.
• 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 Stock Performance

Energy Recovery stock opened at $15.44 on Thursday. The firm has a market cap of $817.86 million, a price-to-earnings ratio of 45.41 and a beta of 1.09. Energy Recovery, Inc. has a 52-week low of $10.86 and a 52-week high of $18.32. The firm has a 50 day moving average price of $14.40 and a two-hundred day moving average price of $14.77.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ERII shares. B. Riley Financial reiterated a “neutral” rating on shares of Energy Recovery in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Finally, Loop Capital set a $18.20 target price on shares of Energy Recovery in a research report on Monday, November 10th. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.07.

Institutional Investors Weigh In On Energy Recovery

Hedge funds have recently added to or reduced their stakes in the company. Inceptionr LLC raised its position in shares of Energy Recovery by 29.8% during the fourth quarter. Inceptionr LLC now owns 23,549 shares of the industrial products company’s stock worth $318,000 after purchasing an additional 5,402 shares during the period. Parallel Advisors LLC bought a new stake in Energy Recovery during the 4th quarter valued at $38,000. Goldman Sachs Group Inc. increased its stake in Energy Recovery by 9.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 607,176 shares of the industrial products company’s stock valued at $8,191,000 after purchasing an additional 52,843 shares in the last quarter. Royce & Associates LP raised its holdings in Energy Recovery by 4.6% during the fourth quarter. Royce & Associates LP now owns 332,247 shares of the industrial products company’s stock worth $4,482,000 after buying an additional 14,602 shares during the last quarter. Finally, Cary Street Partners Financial LLC lifted its stake in shares of Energy Recovery by 3.7% in the fourth quarter. Cary Street Partners Financial LLC now owns 54,749 shares of the industrial products company’s stock valued at $739,000 after buying an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 83.58% 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.