Energy Recovery, Inc. (NASDAQ:ERII) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in Energy Recovery, Inc. (NASDAQ:ERII - Free Report) by 13.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 768,091 shares of the industrial products company's stock after acquiring an additional 89,248 shares during the period. Dimensional Fund Advisors LP owned about 1.33% of Energy Recovery worth $11,291,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Energy Recovery in the 4th quarter worth about $5,741,000. KLP Kapitalforvaltning AS bought a new position in shares of Energy Recovery in the fourth quarter worth about $4,670,000. Duff & Phelps Investment Management Co. acquired a new stake in Energy Recovery in the 4th quarter valued at $3,798,000. Baillie Gifford & Co. increased its position in shares of Energy Recovery by 27.8% during the fourth quarter. Baillie Gifford & Co. now owns 1,119,841 shares of the industrial products company's stock valued at $16,462,000 after buying an additional 243,653 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Energy Recovery in the fourth quarter worth $2,799,000. Institutional investors and hedge funds own 83.58% of the company's stock.

Insider Activity at Energy Recovery

In other Energy Recovery news, Director Arve Hanstveit sold 50,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $16.34, for a total value of $817,000.00. Following the transaction, the director now directly owns 693,182 shares of the company's stock, valued at $11,326,593.88. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rodney Clemente sold 21,444 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $15.42, for a total transaction of $330,666.48. Following the transaction, the senior vice president now directly owns 111,109 shares in the company, valued at approximately $1,713,300.78. This represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.

Energy Recovery Trading Up 0.2%

NASDAQ:ERII traded up $0.02 during mid-day trading on Tuesday, hitting $12.26. The company's stock had a trading volume of 575,575 shares, compared to its average volume of 414,325. Energy Recovery, Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $20.27. The company has a market capitalization of $671.31 million, a price-to-earnings ratio of 36.06 and a beta of 1.09. The stock has a fifty day moving average of $15.29 and a 200-day moving average of $15.57.

Energy Recovery (NASDAQ:ERII - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). The firm had revenue of $8.07 million for the quarter, compared to analyst estimates of $21.97 million. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The company's quarterly revenue was down 33.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) earnings per share. On average, equities analysts anticipate that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

ERII has been the topic of a number of research reports. B. Riley lowered Energy Recovery from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $12.50 in a report on Thursday, May 8th. StockNews.com lowered Energy Recovery from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.88.

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.