Free Trial

Sargent Investment Group LLC Sells 87,697 Shares of Energy Recovery, Inc. (NASDAQ:ERII)

Energy Recovery logo with Industrials background

Sargent Investment Group LLC reduced its holdings in shares of Energy Recovery, Inc. (NASDAQ:ERII - Free Report) by 44.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,395 shares of the industrial products company's stock after selling 87,697 shares during the quarter. Sargent Investment Group LLC owned approximately 0.20% of Energy Recovery worth $1,722,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in shares of Energy Recovery during the 4th quarter worth approximately $160,000. Juncture Wealth Strategies LLC acquired a new stake in shares of Energy Recovery in the 1st quarter valued at approximately $178,000. Nebula Research & Development LLC boosted its holdings in shares of Energy Recovery by 6.3% in the 4th quarter. Nebula Research & Development LLC now owns 11,577 shares of the industrial products company's stock valued at $170,000 after buying an additional 687 shares during the last quarter. Polymer Capital Management US LLC acquired a new stake in shares of Energy Recovery in the 4th quarter valued at approximately $211,000. Finally, Clear Creek Financial Management LLC boosted its holdings in shares of Energy Recovery by 5.9% in the 1st quarter. Clear Creek Financial Management LLC now owns 15,250 shares of the industrial products company's stock valued at $242,000 after buying an additional 850 shares during the last quarter. 83.58% of the stock is owned by institutional investors.

Insider Buying and Selling at Energy Recovery

In other news, Director Arve Hanstveit sold 30,000 shares of Energy Recovery stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $12.68, for a total transaction of $380,400.00. Following the completion of the sale, the director owned 655,220 shares of the company's stock, valued at approximately $8,308,189.60. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Moon bought 4,200 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of $12.20 per share, with a total value of $51,240.00. Following the acquisition, the chief executive officer directly owned 36,950 shares of the company's stock, valued at approximately $450,790. This represents a 12.82% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.20% of the company's stock.

Energy Recovery Price Performance

Energy Recovery stock traded down $0.11 during mid-day trading on Friday, hitting $13.54. 481,804 shares of the company's stock traded hands, compared to its average volume of 428,808. The firm has a 50 day simple moving average of $12.68 and a two-hundred day simple moving average of $14.24. Energy Recovery, Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $20.27. The stock has a market cap of $737.93 million, a price-to-earnings ratio of 36.59 and a beta of 1.01.

Energy Recovery (NASDAQ:ERII - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.16). Energy Recovery had a net margin of 15.21% and a return on equity of 9.96%. The business had revenue of $8.07 million for the quarter, compared to analyst estimates of $21.97 million. During the same period in the prior year, the business earned ($0.08) EPS. The company's revenue for the quarter was down 33.1% compared to the same quarter last year. On average, research analysts anticipate that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ERII shares. B. Riley downgraded 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. Fearnley Fonds raised Energy Recovery from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen downgraded Energy Recovery from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $18.17.

View Our Latest Stock Analysis on Energy Recovery

About Energy Recovery

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Energy Recovery (NASDAQ:ERII)

Should You Invest $1,000 in Energy Recovery Right Now?

Before you consider Energy Recovery, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Recovery wasn't on the list.

While Energy Recovery currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Analysts Agree—These Gold Picks Outshine the Rest Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Drone Stocks Are Skyrocketing Right Now!
Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines