Hans Peter Michelet Sells 10,000 Shares of Energy Recovery, Inc. (NASDAQ:ERII) Stock

Energy Recovery, Inc. (NASDAQ:ERII) Director Hans Peter Michelet sold 10,000 shares of Energy Recovery stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $10.06, for a total value of $100,600.00. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $150,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Hans Peter Michelet also recently made the following trade(s):

  • On Friday, June 7th, Hans Peter Michelet sold 20,000 shares of Energy Recovery stock. The shares were sold at an average price of $9.92, for a total value of $198,400.00.
  • On Monday, May 20th, Hans Peter Michelet sold 28,126 shares of Energy Recovery stock. The shares were sold at an average price of $10.45, for a total value of $293,916.70.
  • On Wednesday, May 22nd, Hans Peter Michelet sold 84,986 shares of Energy Recovery stock. The shares were sold at an average price of $10.35, for a total value of $879,605.10.
  • On Wednesday, May 15th, Hans Peter Michelet sold 18,365 shares of Energy Recovery stock. The shares were sold at an average price of $11.00, for a total value of $202,015.00.
  • On Friday, May 17th, Hans Peter Michelet sold 99,014 shares of Energy Recovery stock. The shares were sold at an average price of $10.73, for a total value of $1,062,420.22.

Shares of Energy Recovery stock traded up $0.03 during trading hours on Monday, reaching $9.97. 251,955 shares of the stock traded hands, compared to its average volume of 206,870. The company has a market cap of $543.16 million, a P/E ratio of 49.85 and a beta of 4.48. Energy Recovery, Inc. has a one year low of $6.17 and a one year high of $11.11. The company has a quick ratio of 4.55, a current ratio of 4.85 and a debt-to-equity ratio of 0.10.



Energy Recovery (NASDAQ:ERII) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $19.80 million during the quarter, compared to the consensus estimate of $15.98 million. Energy Recovery had a return on equity of 11.72% and a net margin of 39.35%. The business’s quarterly revenue was up 43.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS. Research analysts anticipate that Energy Recovery, Inc. will post 0.27 EPS for the current fiscal year.

A number of research firms have issued reports on ERII. Zacks Investment Research upgraded Energy Recovery from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research note on Friday. BidaskClub downgraded Energy Recovery from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. TheStreet upgraded Energy Recovery from a “c+” rating to a “b” rating in a research note on Friday, May 3rd. Finally, JMP Securities restated a “buy” rating and set a $13.00 price target on shares of Energy Recovery in a research note on Monday, March 11th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Energy Recovery presently has an average rating of “Buy” and an average price target of $14.67.

Several large investors have recently made changes to their positions in ERII. Legal & General Group Plc grew its stake in shares of Energy Recovery by 44.4% during the 4th 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 period. BNP Paribas Arbitrage SA grew its stake in shares of Energy Recovery by 53,485.7% during the 1st 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 period. Metropolitan Life Insurance Co. NY grew its stake in shares of Energy Recovery by 262.3% during the 4th 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 period. SEI Investments Co grew its stake in shares of Energy Recovery by 22.5% during the 1st 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 period. Finally, ETF Managers Group LLC grew its stake in shares of Energy Recovery by 15.8% during the 4th 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 period. Institutional investors own 31.98% 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.

Further Reading: Conference Calls and Individual Investors

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

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