Rice Hall James & Associates LLC Decreases Stake in Energy Recovery, Inc. (NASDAQ:ERII)

Rice Hall James & Associates LLC reduced its stake in shares of Energy Recovery, Inc. (NASDAQ:ERII) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,718 shares of the industrial products company’s stock after selling 9,195 shares during the quarter. Rice Hall James & Associates LLC owned 0.23% of Energy Recovery worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Brown Capital Management LLC grew its holdings in shares of Energy Recovery by 64.7% in the 4th quarter. Brown Capital Management LLC now owns 4,356,963 shares of the industrial products company’s stock worth $82,085,000 after acquiring an additional 1,711,129 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Energy Recovery by 391.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 78,204 shares of the industrial products company’s stock valued at $1,235,000 after purchasing an additional 62,287 shares during the last quarter. KBC Group NV increased its position in shares of Energy Recovery by 17.2% in the fourth quarter. KBC Group NV now owns 1,085,898 shares of the industrial products company’s stock valued at $20,458,000 after buying an additional 159,143 shares in the last quarter. Robeco Schweiz AG raised its stake in shares of Energy Recovery by 21.2% during the 4th quarter. Robeco Schweiz AG now owns 618,269 shares of the industrial products company’s stock worth $11,648,000 after buying an additional 108,130 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Energy Recovery in the 1st quarter worth about $2,372,000. 83.58% of the stock is owned by hedge funds and other institutional investors.

Energy Recovery Trading Up 1.2 %

Energy Recovery stock opened at $15.49 on Thursday. The stock has a market cap of $894.08 million, a PE ratio of 45.56 and a beta of 1.22. The stock has a 50-day moving average price of $15.59 and a 200 day moving average price of $14.66. Energy Recovery, Inc. has a 52 week low of $12.26 and a 52 week high of $24.72.

Insider Transactions at Energy Recovery

In other news, CEO David W. Moon acquired 3,000 shares of Energy Recovery stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $16.00 per share, with a total value of $48,000.00. Following the completion of the purchase, the chief executive officer now owns 32,750 shares of the company’s stock, valued at approximately $524,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Energy Recovery news, insider William Yeung sold 2,012 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.63, for a total value of $29,435.56. Following the sale, the insider now directly owns 85,291 shares of the company’s stock, valued at approximately $1,247,807.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David W. Moon acquired 3,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $16.00 per share, with a total value of $48,000.00. Following the purchase, the chief executive officer now owns 32,750 shares in the company, valued at $524,000. The disclosure for this purchase can be found here. Insiders sold a total of 8,444 shares of company stock worth $123,536 over the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ERII shares. Raymond James upgraded shares of Energy Recovery from an “outperform” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research report on Tuesday, July 9th. StockNews.com upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

Energy Recovery Profile

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.