Energy Recovery, Inc. (NASDAQ:ERII) Stock Position Boosted by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its stake in Energy Recovery, Inc. (NASDAQ:ERII - Free Report) by 124.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,759 shares of the industrial products company's stock after purchasing an additional 24,853 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.08% of Energy Recovery worth $658,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Energy Recovery by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,252,378 shares of the industrial products company's stock worth $47,810,000 after acquiring an additional 43,290 shares in the last quarter. KBC Group NV increased its holdings in Energy Recovery by 0.4% in the 4th quarter. KBC Group NV now owns 1,242,889 shares of the industrial products company's stock valued at $18,270,000 after purchasing an additional 4,670 shares in the last quarter. Baillie Gifford & Co. raised its position in Energy Recovery by 27.8% in 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 purchasing an additional 243,653 shares during the period. Invesco Ltd. raised its position in Energy Recovery by 14.4% in the fourth quarter. Invesco Ltd. now owns 858,309 shares of the industrial products company's stock valued at $12,617,000 after purchasing an additional 107,800 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Energy Recovery by 13.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 768,091 shares of the industrial products company's stock worth $11,291,000 after purchasing an additional 89,248 shares in the last quarter. Institutional investors and hedge funds own 83.58% of the company's stock.

Energy Recovery Stock Performance

Shares of NASDAQ:ERII traded up $0.63 during trading on Friday, hitting $12.91. The company's stock had a trading volume of 198,989 shares, compared to its average volume of 416,231. The company has a market capitalization of $706.74 million, a PE ratio of 37.84 and a beta of 1.09. Energy Recovery, Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $20.27. The stock's 50-day moving average price is $15.06 and its two-hundred day moving average price is $15.49.

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

Insider Transactions at Energy Recovery

In related news, Director Arve Hanstveit sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $16.34, for a total transaction of $817,000.00. Following the transaction, the director now directly owns 693,182 shares in the company, valued at $11,326,593.88. This trade represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Rodney Clemente sold 21,444 shares of Energy Recovery 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 completion of the transaction, the senior vice president now directly owns 111,109 shares of the company's stock, valued at approximately $1,713,300.78. This represents a 16.18% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company's stock.

Analyst Ratings Changes

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

Energy Recovery 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.