Vontobel Holding Ltd. Acquires 27,495 Shares of Energy Recovery, Inc. (NASDAQ:ERII)

Vontobel Holding Ltd. boosted its stake in Energy Recovery, Inc. (NASDAQ:ERII) by 16.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,467 shares of the industrial products company’s stock after purchasing an additional 27,495 shares during the period. Vontobel Holding Ltd.’s holdings in Energy Recovery were worth $3,588,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barclays PLC increased its stake in shares of Energy Recovery by 8.2% during the third quarter. Barclays PLC now owns 21,940 shares of the industrial products company’s stock valued at $466,000 after buying an additional 1,671 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Energy Recovery by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 433,655 shares of the industrial products company’s stock valued at $9,198,000 after buying an additional 13,247 shares during the period. FMR LLC increased its stake in shares of Energy Recovery by 376.4% during the third quarter. FMR LLC now owns 3,910,978 shares of the industrial products company’s stock valued at $82,952,000 after buying an additional 3,090,086 shares during the period. Invesco Ltd. increased its stake in shares of Energy Recovery by 4.6% during the third quarter. Invesco Ltd. now owns 891,312 shares of the industrial products company’s stock valued at $18,905,000 after buying an additional 39,310 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Energy Recovery by 40.3% during the third quarter. Raymond James & Associates now owns 297,886 shares of the industrial products company’s stock valued at $6,318,000 after buying an additional 85,544 shares during the period. 83.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert Yu Lang Mao sold 38,025 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $16.21, for a total transaction of $616,385.25. Following the transaction, the director now directly owns 176,112 shares of the company’s stock, valued at $2,854,775.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Arve Hanstveit sold 50,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $15.49, for a total transaction of $774,500.00. Following the transaction, the director now directly owns 807,055 shares of the company’s stock, valued at $12,501,281.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Yu Lang Mao sold 38,025 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $16.21, for a total value of $616,385.25. Following the transaction, the director now directly owns 176,112 shares in the company, valued at $2,854,775.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,457 shares of company stock valued at $1,519,283. 4.70% of the stock is currently owned by corporate insiders.

Energy Recovery Trading Down 1.2 %

Energy Recovery stock opened at $13.53 on Thursday. The business’s fifty day simple moving average is $15.22 and its two-hundred day simple moving average is $17.08. Energy Recovery, Inc. has a 12 month low of $13.46 and a 12 month high of $30.76. The company has a market capitalization of $772.29 million, a price-to-earnings ratio of 36.57 and a beta of 1.27.

Energy Recovery (NASDAQ:ERII) last released its earnings results on Wednesday, February 21st. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Energy Recovery had a return on equity of 11.99% and a net margin of 16.75%. The company had revenue of $57.19 million during the quarter, compared to the consensus estimate of $63.57 million. During the same period last year, the firm posted $0.24 earnings per share. The company’s revenue was up 35.2% compared to the same quarter last year. On average, equities research analysts predict that Energy Recovery, Inc. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Evercore ISI reduced their price target on Energy Recovery from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th.

Energy Recovery Company Profile

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.