Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) SVP Rodney Clemente sold 4,207 shares of Energy Recovery stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $20.06, for a total transaction of $84,392.42. Following the sale, the senior vice president now owns 106,367 shares of the company's stock, valued at approximately $2,133,722.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Rodney Clemente also recently made the following trade(s):
- On Thursday, November 7th, Rodney Clemente sold 19,618 shares of Energy Recovery stock. The stock was sold at an average price of $20.00, for a total transaction of $392,360.00.
- 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 transaction of $116,959.90.
Energy Recovery Stock Down 2.5 %
Shares of NASDAQ:ERII opened at $19.43 on Wednesday. The company's fifty day moving average is $17.48 and its 200 day moving average is $15.55. Energy Recovery, Inc. has a 52 week low of $12.26 and a 52 week high of $20.27. The stock has a market cap of $1.12 billion, a PE ratio of 57.15 and a beta of 1.22.
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Energy Recovery (NASDAQ:ERII - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $38.60 million for the quarter, compared to the consensus estimate of $37.37 million. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. Sell-side analysts anticipate that Energy Recovery, Inc. will post 0.41 EPS for the current year.
Analyst Ratings Changes
Several brokerages have issued reports on ERII. Fearnley Fonds lowered Energy Recovery from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. StockNews.com raised Energy Recovery from a "sell" rating to a "hold" rating in a report on Thursday, August 1st.
Check Out Our Latest Analysis on Energy Recovery
Institutional Trading of Energy Recovery
Several hedge funds and other institutional investors have recently bought and sold shares of ERII. Hantz Financial Services Inc. bought a new position in shares of Energy Recovery in the second quarter worth approximately $26,000. CWM LLC boosted its position in Energy Recovery by 5,032.5% during the 3rd quarter. CWM LLC now owns 4,260 shares of the industrial products company's stock valued at $74,000 after buying an additional 4,177 shares during the period. Sentry Investment Management LLC grew its holdings in Energy Recovery by 23.2% in the 1st quarter. Sentry Investment Management LLC now owns 7,627 shares of the industrial products company's stock worth $120,000 after acquiring an additional 1,438 shares during the last quarter. AXA S.A. bought a new stake in Energy Recovery in the 2nd quarter worth $149,000. Finally, ProShare Advisors LLC purchased a new position in shares of Energy Recovery in the first quarter valued at about $158,000. Institutional investors own 83.58% of the company's stock.
Energy Recovery Company Profile
(
Get Free Report)
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.
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