Two Sigma Securities LLC purchased a new position in shares of Energy Recovery, Inc. (NASDAQ:ERII - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,691 shares of the industrial products company's stock, valued at approximately $275,000.
Several other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Energy Recovery by 376.6% in the third quarter. Barclays PLC now owns 96,677 shares of the industrial products company's stock valued at $1,681,000 after buying an additional 76,393 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Energy Recovery by 66.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 274,893 shares of the industrial products company's stock worth $4,780,000 after purchasing an additional 109,847 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Energy Recovery by 1.3% during the 4th quarter. Nordea Investment Management AB now owns 125,719 shares of the industrial products company's stock worth $1,859,000 after purchasing an additional 1,618 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Energy Recovery by 8.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 150,559 shares of the industrial products company's stock valued at $2,213,000 after purchasing an additional 12,330 shares in the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of Energy Recovery in the fourth quarter valued at approximately $107,000. 83.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Energy Recovery from a "hold" rating to a "buy" rating in a research note on Saturday, March 29th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $20.75.
Read Our Latest Stock Report on ERII
Energy Recovery Price Performance
Shares of ERII stock traded up $0.22 during trading on Friday, hitting $15.80. 217,968 shares of the stock traded hands, compared to its average volume of 407,028. The firm has a market capitalization of $865.14 million, a P/E ratio of 46.47 and a beta of 1.05. Energy Recovery, Inc. has a 52-week low of $12.26 and a 52-week high of $20.27. The firm's fifty day moving average price is $15.45 and its 200-day moving average price is $15.82.
Energy Recovery (NASDAQ:ERII - Get Free Report) last posted 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). The business had revenue of $67.08 million during the quarter, compared to analysts' expectations of $67.39 million. Energy Recovery had a net margin of 14.35% and a return on equity of 8.90%. As a group, equities research analysts expect that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.
Insider Buying and Selling at Energy Recovery
In other Energy Recovery news, Director Arve Hanstveit sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $16.34, for a total value of $817,000.00. Following the sale, the director now owns 693,182 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this link. Also, SVP Rodney Clemente sold 21,444 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $15.42, for a total value of $330,666.48. Following the transaction, the senior vice president now owns 111,109 shares of the company's stock, valued at approximately $1,713,300.78. This 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
(
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.
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