Energy Recovery, Inc. (NASDAQ:ERII - Free Report) - Equities researchers at Seaport Res Ptn upped their Q4 2026 earnings per share (EPS) estimates for shares of Energy Recovery in a report issued on Wednesday, August 13th. Seaport Res Ptn analyst J. Campbell now anticipates that the industrial products company will post earnings of $0.61 per share for the quarter, up from their previous forecast of $0.60. The consensus estimate for Energy Recovery's current full-year earnings is $0.36 per share.
A number of other research analysts have also commented on ERII. Fearnley Fonds upgraded Energy Recovery from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Wall Street Zen cut Energy Recovery from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, B. Riley boosted their price objective on Energy Recovery from $12.50 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $18.67.
Read Our Latest Analysis on ERII
Energy Recovery Stock Down 0.6%
Shares of ERII stock traded down $0.08 during trading hours on Friday, reaching $14.34. 410,673 shares of the company's stock were exchanged, compared to its average volume of 425,351. Energy Recovery has a fifty-two week low of $10.86 and a fifty-two week high of $20.27. The stock has a market capitalization of $762.89 million, a P/E ratio of 34.14 and a beta of 1.03. The business has a fifty day moving average price of $13.30 and a 200-day moving average price of $14.14.
Insider Buying and Selling at Energy Recovery
In other news, SVP Rodney Clemente sold 5,387 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $13.97, for a total transaction of $75,256.39. Following the sale, the senior vice president owned 100,765 shares in the company, valued at approximately $1,407,687.05. This represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the director owned 655,220 shares in the company, valued at $8,308,189.60. The trade was a 4.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,387 shares of company stock worth $710,656 in the last 90 days. Company insiders own 3.20% of the company's stock.
Institutional Trading of Energy Recovery
Several large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its holdings in shares of Energy Recovery by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 5,401,044 shares of the industrial products company's stock worth $69,025,000 after purchasing an additional 262,151 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Energy Recovery by 7.5% during the first quarter. Vanguard Group Inc. now owns 3,494,872 shares of the industrial products company's stock worth $55,534,000 after purchasing an additional 242,494 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of 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 purchasing an additional 113,141 shares during the last quarter. Invesco Ltd. boosted its holdings in Energy Recovery by 42.6% in the second quarter. Invesco Ltd. now owns 861,344 shares of the industrial products company's stock valued at $11,008,000 after acquiring an additional 257,266 shares during the last quarter. Finally, Select Equity Group L.P. boosted its holdings in Energy Recovery by 15.4% in the second quarter. Select Equity Group L.P. now owns 769,706 shares of the industrial products company's stock valued at $9,837,000 after acquiring an additional 102,549 shares during the last quarter. Institutional investors own 83.58% of the company's stock.
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.
Featured Stories
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
