Rodney Clemente Sells 4,207 Shares of Energy Recovery, Inc. (NASDAQ:ERII) Stock

Energy Recovery, Inc. (NASDAQ:ERII) SVP Rodney Clemente sold 4,207 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $20.06, for a total transaction of $84,392.42. Following the transaction, the senior vice president now directly owns 106,367 shares of the company’s stock, valued at $2,133,722.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, November 7th, Rodney Clemente sold 19,618 shares of Energy Recovery stock. The stock was sold at an average price of $20.00, for a total value of $392,360.00.
• On Monday, October 28th, Rodney Clemente sold 6,505 shares of Energy Recovery stock. The shares were sold at an average price of $17.98, for a total value of $116,959.90.

Energy Recovery Trading Down 1.3 %

Energy Recovery stock opened at $19.17 on Thursday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 56.38 and a beta of 1.22. The stock’s fifty day simple moving average is $17.61 and its 200-day simple moving average is $15.61. Energy Recovery, Inc. has a twelve month low of $12.26 and a twelve month high of $20.27.

Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $38.60 million for the quarter, compared to the consensus estimate of $37.37 million. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. Energy Recovery’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 EPS. Sell-side analysts predict that Energy Recovery, Inc. will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ERII shares. Fearnley Fonds cut Energy Recovery from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. StockNews.com raised shares of Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Institutional Trading of Energy Recovery

A number of large investors have recently made changes to their positions in ERII. Alpha Wave Global LP grew its holdings in Energy Recovery by 93.0% during the 3rd quarter. Alpha Wave Global LP now owns 1,171,586 shares of the industrial products company’s stock worth $20,374,000 after acquiring an additional 564,463 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Energy Recovery by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 468,639 shares of the industrial products company’s stock valued at $8,150,000 after purchasing an additional 7,440 shares during the last quarter. Sargent Investment Group LLC raised its holdings in shares of Energy Recovery by 4.6% in the 3rd quarter. Sargent Investment Group LLC now owns 328,189 shares of the industrial products company’s stock valued at $5,707,000 after purchasing an additional 14,410 shares in the last quarter. KBC Group NV lifted its position in shares of Energy Recovery by 14.1% during the 3rd quarter. KBC Group NV now owns 1,238,219 shares of the industrial products company’s stock worth $21,533,000 after purchasing an additional 153,381 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in shares of Energy Recovery during the 3rd quarter worth $15,237,000. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Recovery

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.