Susquehanna Fundamental Investments LLC Takes $860,000 Position in Energy Recovery, Inc. (NASDAQ:ERII)

Susquehanna Fundamental Investments LLC acquired a new position in Energy Recovery, Inc. (NASDAQ:ERII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 58,472 shares of the industrial products company's stock, valued at approximately $860,000. Susquehanna Fundamental Investments LLC owned 0.10% of Energy Recovery at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Avanza Fonder AB acquired a new position in shares of Energy Recovery during the fourth quarter valued at $107,000. Schroder Investment Management Group acquired a new stake in shares of Energy Recovery in the fourth quarter valued at approximately $160,000. Nebula Research & Development LLC raised its holdings in shares of Energy Recovery by 6.3% during the fourth 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 position in shares of Energy Recovery during the fourth quarter worth approximately $211,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Energy Recovery in the 4th quarter worth approximately $234,000. Institutional investors own 83.58% of the company's stock.

Energy Recovery Trading Down 4.5 %

NASDAQ:ERII traded down $0.70 during midday trading on Tuesday, hitting $14.88. 495,374 shares of the stock were exchanged, compared to its average volume of 401,623. The company has a market capitalization of $814.77 million, a price-to-earnings ratio of 43.76 and a beta of 1.09. Energy Recovery, Inc. has a one year low of $12.26 and a one year high of $20.27. The business has a 50-day moving average price of $15.49 and a two-hundred day moving average price of $15.75.

Energy Recovery (NASDAQ:ERII - Get Free Report) last released its 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). Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The business had revenue of $67.08 million during the quarter, compared to the consensus estimate of $67.39 million. Sell-side analysts forecast that Energy Recovery, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Energy Recovery from a "hold" rating to a "buy" rating in a research report on Saturday, March 29th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $20.75.

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 stock was sold at an average price of $16.34, for a total value of $817,000.00. Following the transaction, the director now owns 693,182 shares in the company, valued at $11,326,593.88. The trade was a 6.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Rodney Clemente sold 21,444 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $15.42, for a total value of $330,666.48. Following the sale, the senior vice president now directly owns 111,109 shares of the company's stock, valued at $1,713,300.78. This trade represents a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is currently 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.