Insider Selling: Energy Recovery (NASDAQ:ERII) SVP Sells 20,568 Shares of Stock

Energy Recovery, Inc. (NASDAQ:ERII) SVP Rodney Clemente sold 20,568 shares of Energy Recovery stock in a transaction 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 of the company’s stock, valued at approximately $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 Stock Performance

Shares of Energy Recovery stock traded down $0.12 during trading hours on Friday, reaching $10.61. The company’s stock had a trading volume of 905,307 shares, compared to its average volume of 510,762. The company’s 50 day simple moving average is $14.19 and its 200 day simple moving average is $14.73. Energy Recovery, Inc. has a one year low of $9.59 and a one year high of $18.32. The stock has a market cap of $560.53 million, a P/E ratio of 24.67 and a beta of 1.10.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.14). The business had revenue of $66.59 million for the quarter, compared to the consensus estimate of $82.59 million. Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. On average, sell-side analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ERII. B. Riley Financial reaffirmed a “neutral” rating on shares of Energy Recovery in a research report on Thursday, November 6th. Loop Capital set a $13.00 price objective on shares of Energy Recovery in a report on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Finally, Northcoast Research started coverage on shares of Energy Recovery in a research note on Friday. They set a “buy” rating and a $14.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ERII. Ameriprise Financial Inc. increased its holdings in shares of 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 during the period. Vanguard Group Inc. grew its position in Energy Recovery by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 3,852,438 shares of the industrial products company’s stock valued at $51,969,000 after buying an additional 89,696 shares in the last quarter. Amundi increased its stake in Energy Recovery by 323.6% during the 4th quarter. Amundi now owns 2,851,691 shares of the industrial products company’s stock valued at $38,457,000 after buying an additional 2,178,560 shares during the period. State Street Corp raised its position in shares of Energy Recovery by 22.6% during the 4th quarter. State Street Corp now owns 1,764,522 shares of the industrial products company’s stock worth $23,803,000 after buying an additional 325,280 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Energy Recovery by 2.8% in the 4th quarter. Legal & General Group Plc now owns 1,343,847 shares of the industrial products company’s stock worth $18,128,000 after acquiring an additional 36,109 shares during the period. 83.58% of the stock is owned by institutional investors and hedge funds.

Energy Recovery Company Profile

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.