Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) insider William Yeung sold 3,567 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $16.00, for a total transaction of $57,072.00. Following the completion of the transaction, the insider owned 97,369 shares of the company's stock, valued at $1,557,904. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
William Yeung also recently made the following trade(s):
- On Thursday, September 18th, William Yeung sold 15,454 shares of Energy Recovery stock. The shares were sold at an average price of $15.09, for a total transaction of $233,200.86.
- On Thursday, September 11th, William Yeung sold 33,554 shares of Energy Recovery stock. The shares were sold at an average price of $14.51, for a total transaction of $486,868.54.
Energy Recovery Trading Down 1.4%
Shares of NASDAQ ERII traded down $0.22 during mid-day trading on Tuesday, reaching $15.57. The company had a trading volume of 291,549 shares, compared to its average volume of 423,989. The company has a 50-day moving average price of $14.52 and a two-hundred day moving average price of $13.99. The stock has a market cap of $828.29 million, a PE ratio of 37.07 and a beta of 1.02. Energy Recovery, Inc. has a 1-year low of $10.86 and a 1-year high of $20.27.
Analyst Ratings Changes
Several brokerages have recently issued reports on ERII. CJS Securities began coverage on Energy Recovery in a report on Tuesday, September 16th. They set a "market outperform" rating and a $19.00 price target for the company. B. Riley boosted their target price on shares of Energy Recovery from $12.50 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Energy Recovery in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $18.75.
Get Our Latest Analysis on ERII
Institutional Trading of Energy Recovery
Hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in shares of Energy Recovery by 5.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,401,044 shares of the industrial products company's stock worth $69,025,000 after acquiring an additional 262,151 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Energy Recovery by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 3,494,872 shares of the industrial products company's stock valued at $55,534,000 after acquiring an additional 242,494 shares in the last quarter. Legal & General Group Plc raised its holdings in Energy Recovery by 12.9% during the second quarter. Legal & General Group Plc now owns 989,154 shares of the industrial products company's stock worth $12,641,000 after acquiring an additional 113,141 shares in the last quarter. Invesco Ltd. boosted its position in Energy Recovery by 42.6% during the second quarter. Invesco Ltd. now owns 861,344 shares of the industrial products company's stock valued at $11,008,000 after purchasing an additional 257,266 shares during the last quarter. Finally, Select Equity Group L.P. boosted its holdings in shares of Energy Recovery by 15.4% in the 2nd quarter. Select Equity Group L.P. now owns 769,706 shares of the industrial products company's stock valued at $9,837,000 after buying an additional 102,549 shares during the last quarter. 83.58% of the stock is currently owned by institutional investors and hedge funds.
About Energy Recovery
(
Get 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.
Further Reading
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