Royce & Associates LP Invests $4.90 Million in Energy Recovery, Inc. $ERII

Royce & Associates LP purchased a new stake in Energy Recovery, Inc. (NASDAQ:ERII) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 317,645 shares of the industrial products company’s stock, valued at approximately $4,898,000. Royce & Associates LP owned 0.60% of Energy Recovery at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of Energy Recovery during the third quarter worth $222,000. Cary Street Partners Financial LLC increased its position in Energy Recovery by 14.7% during the third quarter. Cary Street Partners Financial LLC now owns 52,772 shares of the industrial products company’s stock worth $814,000 after acquiring an additional 6,745 shares during the period. AXQ Capital LP bought a new position in Energy Recovery during the third quarter worth about $200,000. Raiffeisen Bank International AG raised its stake in Energy Recovery by 11.5% in the 3rd quarter. Raiffeisen Bank International AG now owns 290,000 shares of the industrial products company’s stock worth $4,452,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in Energy Recovery by 2.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 36,649 shares of the industrial products company’s stock valued at $559,000 after purchasing an additional 914 shares during the period. Institutional investors own 83.58% of the company’s stock.

Wall Street Analyst Weigh In

ERII has been the topic of several recent research reports. B. Riley Financial reaffirmed a “neutral” rating on shares of Energy Recovery in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Finally, Loop Capital set a $13.00 price objective on Energy Recovery in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.33.

Insider Buying and Selling at Energy Recovery

In other Energy Recovery news, insider William Yeung sold 7,271 shares of Energy Recovery stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total value of $105,793.05. Following the transaction, the insider owned 90,098 shares in the company, valued at $1,310,925.90. The trade was a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 10,260 shares of company stock worth $149,663. 3.20% of the stock is owned by corporate insiders.

Energy Recovery Trading Up 4.9%

NASDAQ ERII opened at $10.72 on Thursday. The firm has a market capitalization of $566.34 million, a price-to-earnings ratio of 24.93 and a beta of 1.10. The firm’s 50 day simple moving average is $14.32 and its 200 day simple moving average is $14.78. Energy Recovery, Inc. has a 1 year low of $9.59 and a 1 year high of $18.32.

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 analyst estimates 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. On average, equities research analysts forecast that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.

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.