Rodney Clemente Sells 36,946 Shares of Energy Recovery, Inc. (NASDAQ:ERII) Stock

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Energy Recovery, Inc. (NASDAQ:ERII) VP Rodney Clemente sold 36,946 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $11.92, for a total value of $440,396.32. Following the sale, the vice president now owns 81,299 shares of the company’s stock, valued at $969,084.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, July 9th, Rodney Clemente sold 229 shares of Energy Recovery stock. The stock was sold at an average price of $10.31, for a total value of $2,360.99.
  • On Wednesday, June 12th, Rodney Clemente sold 230 shares of Energy Recovery stock. The stock was sold at an average price of $9.82, for a total value of $2,258.60.
  • On Thursday, May 9th, Rodney Clemente sold 230 shares of Energy Recovery stock. The stock was sold at an average price of $10.47, for a total value of $2,408.10.

Energy Recovery stock opened at $11.56 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.85 and a quick ratio of 4.55. The firm has a market capitalization of $634.13 million, a P/E ratio of 57.80 and a beta of 4.33. Energy Recovery, Inc. has a one year low of $6.17 and a one year high of $12.04. The stock’s fifty day simple moving average is $10.25.

Energy Recovery (NASDAQ:ERII) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The firm had revenue of $19.80 million for the quarter, compared to the consensus estimate of $15.98 million. Energy Recovery had a net margin of 39.35% and a return on equity of 11.72%. The business’s quarterly revenue was up 43.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) earnings per share. Equities research analysts forecast that Energy Recovery, Inc. will post 0.23 EPS for the current year.

ERII has been the topic of several analyst reports. B. Riley set a $82.00 target price on shares of Consolidated-Tomoka Land and gave the stock a “buy” rating in a research report on Monday, July 15th. BidaskClub raised shares of Misonix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd. TheStreet downgraded shares of Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd. Zacks Investment Research downgraded shares of Home Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Finally, ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.00.

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers raised its stake in shares of Energy Recovery by 46.0% during the 4th quarter. Rhumbline Advisers now owns 47,105 shares of the industrial products company’s stock worth $317,000 after buying an additional 14,838 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Energy Recovery by 36.8% during the 4th quarter. Bank of New York Mellon Corp now owns 185,978 shares of the industrial products company’s stock worth $1,251,000 after buying an additional 50,009 shares during the period. Northern Trust Corp raised its stake in shares of Energy Recovery by 0.7% during the 4th quarter. Northern Trust Corp now owns 456,306 shares of the industrial products company’s stock worth $3,070,000 after buying an additional 3,041 shares during the period. Geode Capital Management LLC raised its stake in shares of Energy Recovery by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 386,026 shares of the industrial products company’s stock worth $2,597,000 after buying an additional 21,560 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Energy Recovery by 103.0% during the 4th quarter. Bank of America Corp DE now owns 30,488 shares of the industrial products company’s stock worth $205,000 after buying an additional 15,472 shares during the period. 31.98% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Recovery

Energy Recovery, Inc provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, MTeq, IsoBoost, and IsoGen names. The company operates through Water and Oil & Gas segments. It offers pressure exchanger energy recovery devices for water desalination plants; hydraulic turbochargers for low-pressure brackish, high-pressure seawater reverse osmosis systems, and other water treatment applications; and high-pressure and circulation pumps for small- to medium-sized desalination plants.

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