Invesco Ltd. Acquires 107,800 Shares of Energy Recovery, Inc. (NASDAQ:ERII)

Invesco Ltd. raised its holdings in shares of Energy Recovery, Inc. (NASDAQ:ERII - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 858,309 shares of the industrial products company's stock after acquiring an additional 107,800 shares during the period. Invesco Ltd. owned approximately 1.48% of Energy Recovery worth $12,617,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Avanza Fonder AB acquired a new stake in shares of Energy Recovery during the fourth quarter worth $107,000. Schroder Investment Management Group bought a new stake in shares of Energy Recovery in the 4th quarter valued at about $160,000. Polymer Capital Management US LLC bought a new stake in shares of Energy Recovery in the 4th quarter valued at about $211,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Energy Recovery in the 4th quarter valued at approximately $234,000. Finally, Martin Currie Ltd. boosted its stake in Energy Recovery by 53.7% during the 4th quarter. Martin Currie Ltd. now owns 18,305 shares of the industrial products company's stock worth $269,000 after acquiring an additional 6,394 shares during the last quarter. Institutional investors and hedge funds own 83.58% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Energy Recovery from a "hold" rating to a "buy" rating in a report on Saturday, March 29th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $20.75.

Energy Recovery Stock Performance

NASDAQ ERII traded down $0.01 during trading hours on Friday, reaching $15.17. 339,252 shares of the company's stock were exchanged, compared to its average volume of 406,431. The company has a market capitalization of $833.67 million, a price-to-earnings ratio of 44.62 and a beta of 1.05. Energy Recovery, Inc. has a one year low of $12.26 and a one year high of $20.27. The company's 50-day moving average is $15.43 and its two-hundred day moving average is $15.90.

Energy Recovery (NASDAQ:ERII - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.01). The firm had revenue of $67.08 million during the quarter, compared to the consensus estimate of $67.39 million. Energy Recovery had a net margin of 14.35% and a return on equity of 8.90%. Research analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity

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

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.