Vontobel Holding Ltd. Purchases 27,495 Shares of Energy Recovery, Inc. (NASDAQ:ERII)

Vontobel Holding Ltd. lifted its position in Energy Recovery, Inc. (NASDAQ:ERII) by 16.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 190,467 shares of the industrial products company’s stock after purchasing an additional 27,495 shares during the quarter. Vontobel Holding Ltd. owned 0.34% of Energy Recovery worth $3,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ERII. Millburn Ridgefield Corp acquired a new position in Energy Recovery during the 3rd quarter worth about $29,000. Catalyst Capital Advisors LLC acquired a new position in Energy Recovery during the 3rd quarter worth about $29,000. Tower Research Capital LLC TRC lifted its position in Energy Recovery by 79.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,264 shares of the industrial products company’s stock worth $29,000 after buying an additional 558 shares in the last quarter. Clear Street Markets LLC acquired a new position in Energy Recovery during the 3rd quarter worth about $33,000. Finally, Lazard Asset Management LLC acquired a new position in Energy Recovery during the 1st quarter worth about $49,000. Institutional investors and hedge funds own 83.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI cut their target price on shares of Energy Recovery from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th.

Insider Activity at Energy Recovery

In related news, Director Arve Hanstveit sold 50,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $15.49, for a total value of $774,500.00. Following the sale, the director now directly owns 807,055 shares in the company, valued at approximately $12,501,281.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Arve Hanstveit sold 50,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $15.49, for a total transaction of $774,500.00. Following the completion of the sale, the director now directly owns 807,055 shares of the company’s stock, valued at approximately $12,501,281.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Yu Lang Mao sold 38,025 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $16.21, for a total transaction of $616,385.25. Following the transaction, the director now directly owns 176,112 shares of the company’s stock, valued at $2,854,775.52. The disclosure for this sale can be found here. Insiders have sold 96,457 shares of company stock worth $1,519,283 in the last ninety days. Company insiders own 4.70% of the company’s stock.

Energy Recovery Trading Down 1.2 %

Energy Recovery stock opened at $13.53 on Thursday. Energy Recovery, Inc. has a 1 year low of $13.46 and a 1 year high of $30.76. The company has a market cap of $772.29 million, a PE ratio of 36.57 and a beta of 1.27. The company’s 50-day moving average is $15.22 and its two-hundred day moving average is $17.08.

Energy Recovery (NASDAQ:ERII) last released its earnings results on Wednesday, February 21st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $57.19 million for the quarter, compared to analyst estimates of $63.57 million. Energy Recovery had a net margin of 16.75% and a return on equity of 11.99%. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. Research analysts forecast that Energy Recovery, Inc. will post 0.42 EPS for the current year.

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.