Energy Recovery, Inc. (NASDAQ:ERII) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Energy Recovery, Inc. (NASDAQ:ERII - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,252,378 shares of the industrial products company's stock after purchasing an additional 43,290 shares during the period. Vanguard Group Inc. owned about 5.62% of Energy Recovery worth $47,810,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in Energy Recovery by 10.6% in the 3rd quarter. HighTower Advisors LLC now owns 33,239 shares of the industrial products company's stock worth $578,000 after buying an additional 3,176 shares during the period. Barclays PLC grew its holdings in Energy Recovery by 376.6% during the 3rd quarter. Barclays PLC now owns 96,677 shares of the industrial products company's stock valued at $1,681,000 after buying an additional 76,393 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Energy Recovery by 4.3% in the third quarter. Geode Capital Management LLC now owns 1,358,620 shares of the industrial products company's stock worth $23,631,000 after buying an additional 56,306 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Energy Recovery by 66.6% during the third quarter. JPMorgan Chase & Co. now owns 274,893 shares of the industrial products company's stock worth $4,780,000 after acquiring an additional 109,847 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Energy Recovery by 1.3% in the 4th quarter. Nordea Investment Management AB now owns 125,719 shares of the industrial products company's stock valued at $1,859,000 after acquiring an additional 1,618 shares during the last quarter. Hedge funds and other institutional investors own 83.58% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Energy Recovery from a "hold" rating to a "buy" rating in a report on Saturday, March 29th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $20.75.

Insider Buying and Selling

In other news, Director Arve Hanstveit sold 50,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $16.34, for a total value of $817,000.00. Following the completion of the transaction, the director now directly owns 693,182 shares of the company's stock, valued at approximately $11,326,593.88. The trade was a 6.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Rodney Clemente sold 21,444 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $15.42, for a total value of $330,666.48. Following the sale, the senior vice president now directly owns 111,109 shares in the company, valued at approximately $1,713,300.78. The trade was a 16.18 % decrease in their position. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.

Energy Recovery Trading Up 0.4 %

Shares of NASDAQ ERII traded up $0.06 during trading hours on Thursday, hitting $14.93. 54,752 shares of the company traded hands, compared to its average volume of 402,159. Energy Recovery, Inc. has a 12 month low of $12.26 and a 12 month high of $20.27. The stock has a market capitalization of $820.48 million, a price-to-earnings ratio of 43.72 and a beta of 1.05. The company's 50 day moving average price is $15.46 and its 200 day moving average price is $16.03.

Energy Recovery (NASDAQ:ERII - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The firm had revenue of $67.08 million during the quarter, compared to the consensus estimate of $67.39 million. Equities analysts anticipate that Energy Recovery, Inc. will post 0.36 EPS for the current year.

Energy Recovery Profile

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.