BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 123,664 Shares of Energy Recovery, Inc. (NASDAQ:ERII)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Energy Recovery, Inc. (NASDAQ:ERII - Free Report) by 82.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 273,885 shares of the industrial products company's stock after purchasing an additional 123,664 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.48% of Energy Recovery worth $3,640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ERII. Brown Capital Management LLC increased its holdings in shares of Energy Recovery by 64.7% during the fourth quarter. Brown Capital Management LLC now owns 4,356,963 shares of the industrial products company's stock valued at $82,085,000 after purchasing an additional 1,711,129 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Energy Recovery by 391.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 78,204 shares of the industrial products company's stock worth $1,235,000 after buying an additional 62,287 shares in the last quarter. KBC Group NV lifted its stake in shares of Energy Recovery by 17.2% in the 4th quarter. KBC Group NV now owns 1,085,898 shares of the industrial products company's stock worth $20,458,000 after acquiring an additional 159,143 shares during the period. Robeco Schweiz AG lifted its stake in shares of Energy Recovery by 21.2% in the 4th quarter. Robeco Schweiz AG now owns 618,269 shares of the industrial products company's stock worth $11,648,000 after acquiring an additional 108,130 shares during the period. Finally, Trillium Asset Management LLC bought a new position in shares of Energy Recovery in the first quarter valued at approximately $3,774,000. Institutional investors own 83.58% of the company's stock.

Insider Buying and Selling

In other Energy Recovery news, Director Arve Hanstveit sold 20,000 shares of the company's stock in a transaction on Friday, June 7th. The stock was sold at an average price of $13.20, for a total value of $264,000.00. Following the transaction, the director now owns 763,182 shares of the company's stock, valued at $10,074,002.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Arve Hanstveit sold 20,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $13.20, for a total value of $264,000.00. Following the completion of the transaction, the director now owns 763,182 shares in the company, valued at approximately $10,074,002.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rodney Clemente sold 2,353 shares of the business's stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.63, for a total value of $34,424.39. Following the sale, the senior vice president now owns 140,328 shares in the company, valued at approximately $2,052,998.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,444 shares of company stock worth $387,536. Corporate insiders own 4.10% of the company's stock.

Wall Street Analyst Weigh In

ERII has been the topic of several recent analyst reports. Raymond James raised Energy Recovery from an "outperform" rating to a "strong-buy" rating and set a $21.00 target price on the stock in a report on Tuesday, July 9th. StockNews.com raised Energy Recovery from a "sell" rating to a "hold" rating in a research note on Thursday, August 1st.

Energy Recovery Stock Performance

Shares of NASDAQ:ERII traded down $0.20 during trading hours on Friday, hitting $16.24. 357,578 shares of the company's stock traded hands, compared to its average volume of 413,897. The company's fifty day simple moving average is $15.25 and its two-hundred day simple moving average is $14.67. Energy Recovery, Inc. has a 52 week low of $12.26 and a 52 week high of $28.00. The company has a market cap of $937.37 million, a price-to-earnings ratio of 47.76 and a beta of 1.23.

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.