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Barclays PLC Has $1.68 Million Stock Position in Energy Recovery, Inc. (NASDAQ:ERII)

Energy Recovery logo with Industrial Products background

Barclays PLC lifted its position in Energy Recovery, Inc. (NASDAQ:ERII - Free Report) by 376.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,677 shares of the industrial products company's stock after purchasing an additional 76,393 shares during the quarter. Barclays PLC owned 0.17% of Energy Recovery worth $1,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Energy Recovery by 13.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 205,786 shares of the industrial products company's stock valued at $2,735,000 after acquiring an additional 23,660 shares in the last quarter. Rhumbline Advisers boosted its holdings in Energy Recovery by 2.0% during the second quarter. Rhumbline Advisers now owns 95,559 shares of the industrial products company's stock valued at $1,270,000 after purchasing an additional 1,893 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Energy Recovery in the 2nd quarter valued at approximately $214,000. Federated Hermes Inc. acquired a new position in shares of Energy Recovery in the 2nd quarter worth approximately $472,000. Finally, Keene & Associates Inc. lifted its position in shares of Energy Recovery by 15.6% during the 2nd quarter. Keene & Associates Inc. now owns 34,615 shares of the industrial products company's stock worth $460,000 after buying an additional 4,665 shares during the period. 83.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on ERII. Scotiabank initiated coverage on Energy Recovery in a research report on Thursday, December 5th. They issued a "buy" rating and a $22.00 price target on the stock. Evercore ISI dropped their target price on shares of Energy Recovery from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, November 19th. Seaport Res Ptn upgraded Energy Recovery to a "strong-buy" rating in a research report on Thursday, December 5th. B. Riley cut their price target on Energy Recovery from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, November 19th. Finally, Fearnley Fonds cut Energy Recovery from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $20.75.

Get Our Latest Stock Analysis on Energy Recovery

Insider Transactions at Energy Recovery

In other Energy Recovery news, CEO David W. Moon sold 2,550 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $17.97, for a total value of $45,823.50. Following the transaction, the chief executive officer now directly owns 87,101 shares of the company's stock, valued at $1,565,204.97. This represents a 2.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rodney Clemente sold 6,505 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $17.98, for a total value of $116,959.90. Following the sale, the senior vice president now owns 133,823 shares of the company's stock, valued at approximately $2,406,137.54. This represents a 4.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,406 shares of company stock worth $1,166,088 in the last ninety days. Insiders own 4.10% of the company's stock.

Energy Recovery Price Performance

ERII stock traded down $0.65 during mid-day trading on Friday, reaching $14.14. The company had a trading volume of 292,092 shares, compared to its average volume of 269,449. The company has a market capitalization of $818.62 million, a price-to-earnings ratio of 41.59 and a beta of 1.18. Energy Recovery, Inc. has a 52 week low of $12.26 and a 52 week high of $20.27. The stock has a 50 day simple moving average of $16.23 and a two-hundred day simple moving average of $16.26.

Energy Recovery (NASDAQ:ERII - Get Free Report) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Energy Recovery had a net margin of 14.35% and a return on equity of 8.90%. The business had revenue of $38.60 million during the quarter, compared to analysts' expectations of $37.37 million. During the same period last year, the business earned $0.17 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. On average, equities analysts predict that Energy Recovery, Inc. will post 0.39 EPS for the current year.

Energy Recovery Company Profile

(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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Institutional Ownership by Quarter for Energy Recovery (NASDAQ:ERII)

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