Energy Recovery (NASDAQ:ERII) SVP Rodney Clemente Sells 20,568 Shares of Stock

Energy Recovery, Inc. (NASDAQ:ERII) SVP Rodney Clemente sold 20,568 shares of Energy Recovery stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $10.61, for a total transaction of $218,226.48. Following the completion of the transaction, the senior vice president owned 116,008 shares in the company, valued at approximately $1,230,844.88. This trade represents a 15.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Rodney Clemente also recently made the following trade(s):

• On Thursday, February 5th, Rodney Clemente sold 724 shares of Energy Recovery stock. The stock was sold at an average price of $14.59, for a total value of $10,563.16.

Energy Recovery Stock Performance

Energy Recovery stock traded down $0.12 during midday trading on Friday, reaching $10.61. The stock had a trading volume of 905,307 shares, compared to its average volume of 705,969. Energy Recovery, Inc. has a twelve month low of $9.59 and a twelve month high of $18.32. The stock has a market capitalization of $560.53 million, a PE ratio of 24.67 and a beta of 1.10. The stock’s 50-day simple moving average is $14.19 and its 200 day simple moving average is $14.73.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.14). The firm had revenue of $66.59 million for the quarter, compared to analyst estimates of $82.59 million. Energy Recovery had a return on equity of 11.92% and a net margin of 17.01%.Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. Equities analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Energy Recovery

A number of large investors have recently modified their holdings of the stock. Aristides Capital LLC acquired a new position in Energy Recovery during the 4th quarter worth approximately $182,000. Invesco Ltd. boosted its holdings in Energy Recovery by 15.8% in the 4th quarter. Invesco Ltd. now owns 746,036 shares of the industrial products company’s stock worth $10,064,000 after acquiring an additional 101,972 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Energy Recovery by 52.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 38,950 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 13,463 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Energy Recovery during the fourth quarter valued at approximately $390,000. Finally, Old West Investment Management LLC raised its stake in shares of Energy Recovery by 14.6% during the fourth quarter. Old West Investment Management LLC now owns 49,944 shares of the industrial products company’s stock valued at $674,000 after purchasing an additional 6,346 shares during the period. Institutional investors and hedge funds own 83.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ERII shares. Northcoast Research began coverage on shares of Energy Recovery in a research report on Friday. They set a “buy” rating and a $14.00 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Recovery in a research note on Monday, December 29th. Finally, Loop Capital set a $13.00 price objective on shares of Energy Recovery in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Energy Recovery Company Profile

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.