Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Energy Recovery, Inc. (NASDAQ:ERII)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Energy Recovery, Inc. (NASDAQ:ERII - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,838 shares of the industrial products company's stock, valued at approximately $379,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in shares of Energy Recovery by 99.0% in the 4th quarter. Bank of Montreal Can now owns 49,358 shares of the industrial products company's stock valued at $726,000 after purchasing an additional 24,555 shares in the last quarter. Rhumbline Advisers increased its stake in Energy Recovery by 7.5% during the 1st quarter. Rhumbline Advisers now owns 83,125 shares of the industrial products company's stock worth $1,321,000 after buying an additional 5,781 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Energy Recovery by 9.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,275 shares of the industrial products company's stock worth $563,000 after buying an additional 3,364 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Energy Recovery during the 1st quarter worth approximately $430,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Energy Recovery during the 4th quarter worth approximately $860,000. Institutional investors and hedge funds own 83.58% of the company's stock.

Energy Recovery Stock Up 2.3%

NASDAQ:ERII traded up $0.30 during trading hours on Tuesday, reaching $13.63. 294,977 shares of the stock were exchanged, compared to its average volume of 398,149. The company has a market capitalization of $742.84 million, a price-to-earnings ratio of 36.84 and a beta of 1.03. Energy Recovery, Inc. has a twelve month low of $10.86 and a twelve month high of $20.27. The business has a 50-day moving average of $12.92 and a two-hundred day moving average of $14.16.

Energy Recovery (NASDAQ:ERII - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $8.07 million during the quarter, compared to analyst estimates of $21.97 million. Energy Recovery had a net margin of 15.21% and a return on equity of 9.96%. The firm's revenue was down 33.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.08) earnings per share. On average, research analysts forecast that Energy Recovery, Inc. will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Arve Hanstveit sold 30,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $12.68, for a total value of $380,400.00. Following the transaction, the director owned 655,220 shares of the company's stock, valued at $8,308,189.60. This represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Rodney Clemente sold 5,387 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $13.97, for a total value of $75,256.39. Following the completion of the transaction, the senior vice president directly owned 100,765 shares in the company, valued at $1,407,687.05. This trade represents a 5.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,387 shares of company stock valued at $710,656 in the last three months. 3.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ERII. Fearnley Fonds upgraded Energy Recovery from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. Wall Street Zen lowered shares of Energy Recovery from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, B. Riley lowered Energy Recovery from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $12.50 in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $18.17.

About Energy Recovery

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.