Energy Recovery (NASDAQ:ERII) Director Arve Hanstveit Sells 38,418 Shares

Energy Recovery, Inc. (NASDAQ:ERII) Director Arve Hanstveit sold 38,418 shares of Energy Recovery stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $10.71, for a total transaction of $411,456.78. Following the completion of the sale, the director directly owned 586,802 shares in the company, valued at approximately $6,284,649.42. The trade was a 6.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Arve Hanstveit also recently made the following trade(s):

• On Friday, March 6th, Arve Hanstveit sold 11,582 shares of Energy Recovery stock. The stock was sold at an average price of $10.62, for a total transaction of $123,000.84.

Energy Recovery Stock Up 4.8%

NASDAQ ERII opened at $11.12 on Tuesday. The stock has a market capitalization of $587.47 million, a P/E ratio of 25.86 and a beta of 1.10. Energy Recovery, Inc. has a 52-week low of $9.59 and a 52-week high of $18.32. The firm has a 50-day moving average price of $14.14 and a 200 day moving average price of $14.71.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Loop Capital set a $13.00 price target on Energy Recovery in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Finally, Northcoast Research started coverage on Energy Recovery in a report on Friday. They issued a “buy” rating and a $14.00 target price for the company. One investment 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 company. Based on data from MarketBeat, Energy Recovery presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Institutional Trading of Energy Recovery

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

About Energy Recovery

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.