Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) insider William Yeung sold 3,530 shares of the company's stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $16.50, for a total value of $58,245.00. Following the transaction, the insider directly owned 97,369 shares in the company, valued at approximately $1,606,588.50. This trade represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
William Yeung also recently made the following trade(s):
- On Friday, October 3rd, William Yeung sold 3,567 shares of Energy Recovery stock. The shares were sold at an average price of $16.00, for a total value of $57,072.00.
- On Thursday, September 18th, William Yeung sold 15,454 shares of Energy Recovery stock. The stock was sold at an average price of $15.09, for a total value 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 value of $486,868.54.
Energy Recovery Price Performance
Shares of NASDAQ ERII traded down $0.01 during trading on Friday, hitting $16.76. The stock had a trading volume of 457,893 shares, compared to its average volume of 424,538. The firm has a fifty day moving average of $14.91 and a two-hundred day moving average of $13.99. The company has a market capitalization of $891.63 million, a PE ratio of 39.91 and a beta of 1.02. Energy Recovery, Inc. has a 12 month low of $10.86 and a 12 month high of $20.27.
Hedge Funds Weigh In On Energy Recovery
Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew its holdings in 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 valued at $69,025,000 after purchasing an additional 262,151 shares during the period. Vanguard Group Inc. grew its holdings in 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 valued at $55,534,000 after purchasing an additional 242,494 shares during the period. Legal & General Group Plc grew 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 valued at $12,641,000 after purchasing an additional 113,141 shares during the period. Invesco Ltd. grew its holdings 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 period. Finally, Select Equity Group L.P. grew its holdings in Energy Recovery by 15.4% during 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 purchasing an additional 102,549 shares during the period. 83.58% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have commented on ERII shares. B. Riley lifted 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. CJS Securities assumed coverage on Energy Recovery in a report on Tuesday, September 16th. They issued a "market outperform" rating and a $19.00 target price for the company. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Energy Recovery in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Energy Recovery currently has an average rating of "Buy" and an average target price of $18.75.
Check Out Our Latest Stock Report on ERII
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.
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