Energy Recovery (NASDAQ:ERII) Director Sells $123,000.84 in Stock

Energy Recovery, Inc. (NASDAQ:ERII) Director Arve Hanstveit sold 11,582 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $10.62, for a total value of $123,000.84. Following the completion of the transaction, the director directly owned 575,220 shares in the company, valued at $6,108,836.40. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Arve Hanstveit also recently made the following trade(s):

• On Thursday, March 5th, Arve Hanstveit sold 38,418 shares of Energy Recovery stock. The stock was sold at an average price of $10.71, for a total transaction of $411,456.78.

Energy Recovery Price Performance

Shares of Energy Recovery stock opened at $10.78 on Thursday. Energy Recovery, Inc. has a 1-year low of $9.59 and a 1-year high of $18.32. The company’s fifty day simple moving average is $14.03 and its 200-day simple moving average is $14.66. The stock has a market capitalization of $569.51 million, a PE ratio of 25.07 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 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.14). The firm 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. As a group, research analysts anticipate that Energy Recovery, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

ERII has been the subject of several recent analyst reports. Loop Capital set a $13.00 price target on Energy Recovery in a research note on Monday, March 2nd. Northcoast Research initiated coverage on shares of Energy Recovery in a research report on Friday, March 6th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Recovery in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Hedge Funds Weigh In On Energy Recovery

Several large investors have recently modified their holdings of the stock. Wexford Capital LP bought a new stake in Energy Recovery in the third quarter worth $27,000. Hantz Financial Services Inc. boosted its stake in shares of Energy Recovery by 2,581.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 1,859 shares during the period. Parallel Advisors LLC bought a new position in Energy Recovery during the 4th quarter valued at about $38,000. State of Alaska Department of Revenue purchased a new stake in Energy Recovery in the 3rd quarter worth about $46,000. Finally, Comerica Bank raised its position in Energy Recovery by 150.5% in the 4th quarter. Comerica Bank now owns 3,868 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 2,324 shares during the period. Institutional investors 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.