Energy Recovery, Inc. (NASDAQ:ERII) Given Consensus Rating of “Buy” by Analysts

Shares of Energy Recovery, Inc. (NASDAQ:ERII) have received an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $18.75.

Several research firms have recently commented on ERII. Weiss Ratings reissued a “hold (c)” rating on shares of Energy Recovery in a research report on Tuesday, October 14th. B. Riley reiterated a “neutral” rating on shares of Energy Recovery in a report on Thursday. Finally, CJS Securities initiated coverage on shares of Energy Recovery in a research report on Tuesday, September 16th. They set a “market outperform” rating and a $19.00 price target for the company.

Insider Buying and Selling

In other Energy Recovery news, insider William Yeung sold 9,168 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 97,369 shares in the company, valued at $1,752,642. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 72,333 shares of company stock worth $1,122,195 over the last three months. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Energy Recovery

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its position in shares of Energy Recovery by 2,581.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 1,859 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Energy Recovery in the second quarter valued at about $37,000. State of Alaska Department of Revenue acquired a new stake in Energy Recovery in the third quarter worth about $46,000. Tower Research Capital LLC TRC grew its stake in shares of Energy Recovery by 172.2% during the second quarter. Tower Research Capital LLC TRC now owns 6,011 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 3,803 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Energy Recovery during the second quarter worth about $80,000. Hedge funds and other institutional investors own 83.58% of the company’s stock.

Energy Recovery Stock Performance

Shares of ERII opened at $13.98 on Friday. The company has a 50 day moving average price of $15.66 and a 200-day moving average price of $14.19. Energy Recovery has a fifty-two week low of $10.86 and a fifty-two week high of $20.27. The stock has a market capitalization of $743.71 million, a PE ratio of 33.29 and a beta of 1.10.

Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $32.00 million during the quarter, compared to the consensus estimate of $29.94 million. Energy Recovery had a net margin of 17.02% and a return on equity of 11.67%. Energy Recovery has set its FY 2025 guidance at EPS. Equities research analysts forecast that Energy Recovery will post 0.36 EPS for the current year.

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.