19,000 Shares in Energy Recovery, Inc. $ERII Acquired by Versor Investments LP

Versor Investments LP bought a new stake in Energy Recovery, Inc. (NASDAQ:ERII) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,000 shares of the industrial products company’s stock, valued at approximately $243,000.

Several other institutional investors have also recently added to or reduced their stakes in ERII. Ameriprise Financial Inc. raised its stake in shares of Energy Recovery by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 5,138,893 shares of the industrial products company’s stock worth $81,657,000 after purchasing an additional 184,942 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Energy Recovery by 7.5% in the first quarter. Vanguard Group Inc. now owns 3,494,872 shares of the industrial products company’s stock valued at $55,534,000 after buying an additional 242,494 shares in the last quarter. Select Equity Group L.P. grew its holdings in Energy Recovery by 403.5% during the first quarter. Select Equity Group L.P. now owns 667,157 shares of the industrial products company’s stock worth $10,601,000 after acquiring an additional 534,662 shares during the period. KLP Kapitalforvaltning AS grew its holdings in Energy Recovery by 33.0% during the second quarter. KLP Kapitalforvaltning AS now owns 411,911 shares of the industrial products company’s stock worth $5,264,000 after acquiring an additional 102,311 shares during the period. Finally, Pinnacle Associates Ltd. raised its position in Energy Recovery by 42.7% in the second quarter. Pinnacle Associates Ltd. now owns 399,171 shares of the industrial products company’s stock worth $5,101,000 after acquiring an additional 119,445 shares in the last quarter. Institutional investors and hedge funds own 83.58% of the company’s stock.

Energy Recovery Trading Down 16.0%

NASDAQ:ERII opened at $14.49 on Friday. The company has a market capitalization of $770.84 million, a P/E ratio of 34.50 and a beta of 1.10. The firm has a 50-day moving average price of $15.66 and a two-hundred day moving average price of $14.20. Energy Recovery, Inc. has a twelve month low of $10.86 and a twelve month high of $20.27.

Energy Recovery (NASDAQ:ERII) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Energy Recovery had a net margin of 17.02% and a return on equity of 11.67%. The business had revenue of $32.00 million for the quarter, compared to analyst estimates of $29.94 million. Energy Recovery has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. B. Riley restated a “neutral” rating on shares of Energy Recovery in a research report on Thursday. CJS Securities assumed coverage on shares of Energy Recovery in a report on Tuesday, September 16th. They set a “market outperform” rating and a $19.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Energy Recovery in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $18.75.

Insider Activity

In related news, insider William Yeung sold 9,168 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $18.00, for a total value of $165,024.00. Following the completion of the transaction, the insider owned 97,369 shares of the company’s stock, valued at approximately $1,752,642. The trade was a 8.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 72,333 shares of company stock valued at $1,122,195 in the last quarter. 3.20% of the stock is owned by corporate insiders.

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.