Energy Recovery, Inc. (NASDAQ:ERII) SVP Sells $392,360.00 in Stock

Energy Recovery, Inc. (NASDAQ:ERII) SVP Rodney Clemente sold 19,618 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.00, for a total transaction of $392,360.00. Following the completion of the sale, the senior vice president now owns 114,205 shares of the company’s stock, valued at $2,284,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, November 11th, Rodney Clemente sold 4,207 shares of Energy Recovery stock. The shares were sold at an average price of $20.06, for a total transaction of $84,392.42.
• On Monday, October 28th, Rodney Clemente sold 6,505 shares of Energy Recovery stock. The stock was sold at an average price of $17.98, for a total value of $116,959.90.

Energy Recovery Price Performance

Shares of NASDAQ:ERII opened at $19.43 on Wednesday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 57.15 and a beta of 1.22. The company has a 50 day moving average of $17.48 and a 200-day moving average of $15.55. Energy Recovery, Inc. has a one year low of $12.26 and a one year high of $20.27.

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

Institutional Investors Weigh In On Energy Recovery

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ERII. Charles Schwab Investment Management Inc. grew its position in shares of Energy Recovery by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 468,639 shares of the industrial products company’s stock worth $8,150,000 after buying an additional 7,440 shares during the period. Sargent Investment Group LLC grew its holdings in Energy Recovery by 4.6% during the third 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 during the period. KBC Group NV increased its stake in Energy Recovery by 14.1% in the third quarter. KBC Group NV now owns 1,238,219 shares of the industrial products company’s stock valued at $21,533,000 after purchasing an additional 153,381 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of Energy Recovery during the third quarter worth $15,237,000. Finally, Versor Investments LP acquired a new position in shares of Energy Recovery in the 3rd quarter valued at $377,000. Institutional investors own 83.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

Energy Recovery Company 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.