Energy Recovery, Inc. (NASDAQ:ERII) Given Average Rating of “Moderate Buy” by Analysts

Shares of Energy Recovery, Inc. (NASDAQ:ERII) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $15.00.

ERII has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Recovery in a research note on Monday, December 29th. Northcoast Research started coverage on shares of Energy Recovery in a research note on Friday, March 6th. They issued a “buy” rating and a $14.00 target price for the company. Finally, Loop Capital set a $13.00 price target on Energy Recovery in a research report on Monday, March 2nd.

Energy Recovery Price Performance

Shares of ERII stock opened at $10.24 on Friday. The company has a market cap of $540.98 million, a P/E ratio of 23.81 and a beta of 1.10. The stock’s 50-day moving average is $13.97 and its 200 day moving average is $14.63. Energy Recovery has a 1-year low of $9.59 and a 1-year high of $18.32.

Energy Recovery (NASDAQ:ERII) last released its quarterly earnings results 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). Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. The firm had revenue of $66.59 million for the quarter, compared to analysts’ expectations of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. On average, analysts anticipate that Energy Recovery will post 0.36 EPS for the current year.

Insider Transactions at Energy Recovery

In related news, SVP Rodney Clemente sold 20,568 shares of the business’s 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 transaction, the senior vice president directly owned 116,008 shares in the company, valued at $1,230,844.88. The trade was a 15.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arve Hanstveit sold 11,582 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $10.62, for a total value of $123,000.84. Following the transaction, the director directly owned 575,220 shares in the company, valued at $6,108,836.40. This represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 81,100 shares of company stock valued at $905,222 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energy Recovery

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Energy Recovery by 43.1% in the 1st quarter. Royal Bank of Canada now owns 16,257 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 4,899 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Energy Recovery during the 1st quarter valued at approximately $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Energy Recovery by 7.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,929 shares of the industrial products company’s stock valued at $714,000 after purchasing an additional 3,185 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Energy Recovery by 10.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,038 shares of the industrial products company’s stock worth $3,274,000 after buying an additional 19,992 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Energy Recovery by 54.4% in the first quarter. Jane Street Group LLC now owns 122,369 shares of the industrial products company’s stock worth $1,944,000 after buying an additional 43,089 shares during the last quarter. Institutional investors and hedge funds 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.