Energy Recovery (NASDAQ:ERII) Upgraded to Strong-Buy at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Energy Recovery (NASDAQ:ERII - Free Report) to a strong-buy rating in a research note released on Thursday,Zacks.com reports. Seaport Res Ptn also issued estimates for Energy Recovery's Q3 2025 earnings at $0.17 EPS and Q3 2026 earnings at $0.22 EPS.

A number of other analysts have also recently commented on the stock. Fearnley Fonds cut shares of Energy Recovery from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Scotiabank initiated coverage on shares of Energy Recovery in a research note on Thursday. They issued a "buy" rating and a $22.00 price target on the stock. Evercore ISI dropped their price objective on shares of Energy Recovery from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, November 19th. Finally, B. Riley reduced their price objective on shares of Energy Recovery from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $20.75.

Energy Recovery Trading Down 0.9 %

NASDAQ ERII traded down $0.14 during trading on Thursday, reaching $16.26. 511,807 shares of the company's stock were exchanged, compared to its average volume of 436,571. The firm has a market capitalization of $941.29 million, a PE ratio of 47.82 and a beta of 1.18. The company's fifty day simple moving average is $17.55 and its 200-day simple moving average is $15.85. Energy Recovery has a fifty-two week low of $12.26 and a fifty-two week high of $20.27.

Energy Recovery (NASDAQ:ERII - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $38.60 million during the quarter, compared to analysts' expectations of $37.37 million. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The firm's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. Equities analysts forecast that Energy Recovery will post 0.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Rodney Clemente sold 6,505 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $17.98, for a total transaction of $116,959.90. Following the sale, the senior vice president now owns 133,823 shares of the company's stock, valued at $2,406,137.54. This trade represents a 4.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David W. Moon sold 2,550 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $17.97, for a total transaction of $45,823.50. Following the completion of the transaction, the chief executive officer now directly owns 87,101 shares in the company, valued at approximately $1,565,204.97. The trade was a 2.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,406 shares of company stock valued at $828,688 over the last three months. Insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ERII. Hantz Financial Services Inc. acquired a new stake in shares of Energy Recovery in the second quarter valued at about $26,000. CWM LLC lifted its position in shares of Energy Recovery by 5,032.5% during the 3rd quarter. CWM LLC now owns 4,260 shares of the industrial products company's stock worth $74,000 after purchasing an additional 4,177 shares during the last quarter. Pinnacle Associates Ltd. purchased a new position in Energy Recovery in the third quarter valued at approximately $193,000. AXA S.A. acquired a new position in Energy Recovery in the second quarter valued at $149,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Energy Recovery by 19.8% in the second quarter. AQR Capital Management LLC now owns 11,998 shares of the industrial products company's stock valued at $159,000 after acquiring an additional 1,986 shares during the period. Institutional investors own 83.58% of the company's stock.

Energy Recovery Company 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.