Energy Recovery (NASDAQ:ERII) Director Arve Hanstveit Sells 2,419 Shares of Stock

Energy Recovery, Inc. (NASDAQ:ERII) Director Arve Hanstveit sold 2,419 shares of Energy Recovery stock in a transaction on Monday, April 6th. The shares were sold at an average price of $10.29, for a total transaction of $24,891.51. Following the completion of the transaction, the director owned 382,509 shares in the company, valued at approximately $3,936,017.61. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Arve Hanstveit also recently made the following trade(s):

• On Thursday, April 2nd, Arve Hanstveit sold 165,292 shares of Energy Recovery stock. The shares were sold at an average price of $10.14, for a total transaction of $1,676,060.88.
• On Friday, March 6th, Arve Hanstveit sold 11,582 shares of Energy Recovery stock. The shares were sold at an average price of $10.62, for a total transaction of $123,000.84.
• On Thursday, March 5th, Arve Hanstveit sold 38,418 shares of Energy Recovery stock. The shares were sold at an average price of $10.71, for a total transaction of $411,456.78.

Energy Recovery Price Performance

NASDAQ:ERII opened at $10.72 on Thursday. The firm’s fifty day moving average price is $12.37 and its 200 day moving average price is $14.05. Energy Recovery, Inc. has a 1-year low of $9.35 and a 1-year high of $18.32. The firm has a market cap of $566.34 million, a price-to-earnings ratio of 24.93 and a beta of 1.08.

Energy Recovery (NASDAQ:ERII) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.14). Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. The firm had revenue of $66.59 million during the quarter, compared to analysts’ expectations of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. As a group, analysts expect that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ERII shares. Northcoast Research started coverage on shares of Energy Recovery in a research report on Friday, March 6th. They issued a “buy” rating and a $14.00 price objective on the stock. Loop Capital set a $13.00 price objective on shares of Energy Recovery in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Institutional Investors Weigh In On Energy Recovery

Several institutional investors have recently made changes to their positions in ERII. Royal Bank of Canada boosted its position in shares of Energy Recovery by 43.1% during the 1st quarter. Royal Bank of Canada now owns 16,257 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 4,899 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Energy Recovery during the 1st quarter worth $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Energy Recovery by 7.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,929 shares of the industrial products company’s stock worth $714,000 after purchasing an additional 3,185 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Energy Recovery by 10.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,038 shares of the industrial products company’s stock worth $3,274,000 after purchasing an additional 19,992 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Energy Recovery by 54.4% during the 1st quarter. Jane Street Group LLC now owns 122,369 shares of the industrial products company’s stock worth $1,944,000 after purchasing an additional 43,089 shares in the last quarter. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Recovery

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.