Energy Recovery, Inc. (NASDAQ:ERII) SVP Sells $84,392.42 in Stock

Energy Recovery, Inc. (NASDAQ:ERII) SVP Rodney Clemente sold 4,207 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $20.06, for a total value of $84,392.42. Following the completion of the transaction, the senior vice president now owns 106,367 shares in the company, valued at approximately $2,133,722.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Rodney Clemente also recently made the following trade(s):

• On Thursday, November 7th, Rodney Clemente sold 19,618 shares of Energy Recovery stock. The shares were sold at an average price of $20.00, for a total value of $392,360.00.
• On Monday, October 28th, Rodney Clemente sold 6,505 shares of Energy Recovery stock. The stock was sold at an average price of $17.98, for a total value of $116,959.90.

Energy Recovery Price Performance

ERII traded down $0.50 during trading on Tuesday, hitting $19.43. The stock had a trading volume of 255,414 shares, compared to its average volume of 410,482. The company has a 50 day moving average price of $17.48 and a 200-day moving average price of $15.55. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 57.15 and a beta of 1.22. Energy Recovery, Inc. has a one year low of $12.26 and a one year high of $20.27.

Energy Recovery (NASDAQ:ERII) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The company had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $37.37 million. During the same quarter in the previous year, the firm earned $0.17 EPS. Energy Recovery’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts predict that Energy Recovery, Inc. will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Energy Recovery

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Energy Recovery by 28.3% during the 1st quarter. BNP Paribas Financial Markets now owns 99,064 shares of the industrial products company’s stock valued at $1,564,000 after purchasing an additional 21,840 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Energy Recovery in the first quarter worth $436,000. Inspire Investing LLC grew its position in Energy Recovery by 11.8% during the first quarter. Inspire Investing LLC now owns 22,954 shares of the industrial products company’s stock worth $362,000 after buying an additional 2,418 shares in the last quarter. ProShare Advisors LLC purchased a new position in Energy Recovery during the first quarter worth about $158,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Energy Recovery during the first quarter worth about $2,372,000. Institutional investors own 83.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

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.