SG Americas Securities LLC Acquires 90,008 Shares of Energy Recovery, Inc. (NASDAQ:ERII)

SG Americas Securities LLC increased its stake in shares of Energy Recovery, Inc. (NASDAQ:ERII - Free Report) by 552.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 106,301 shares of the industrial products company's stock after buying an additional 90,008 shares during the period. SG Americas Securities LLC owned 0.18% of Energy Recovery worth $1,563,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in Energy Recovery by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,127 shares of the industrial products company's stock valued at $294,000 after buying an additional 1,330 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Energy Recovery by 8.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,642 shares of the industrial products company's stock valued at $307,000 after buying an additional 1,433 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Energy Recovery by 1.3% in the fourth quarter. Nordea Investment Management AB now owns 125,719 shares of the industrial products company's stock worth $1,859,000 after purchasing an additional 1,618 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Energy Recovery by 19.8% in the 2nd quarter. AQR Capital Management LLC now owns 11,998 shares of the industrial products company's stock worth $159,000 after acquiring an additional 1,986 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Energy Recovery by 10.6% in the third quarter. HighTower Advisors LLC now owns 33,239 shares of the industrial products company's stock valued at $578,000 after purchasing an additional 3,176 shares during the last quarter. 83.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ERII has been the subject of a number of research analyst reports. Seaport Res Ptn raised Energy Recovery to a "strong-buy" rating in a research report on Thursday, December 5th. Evercore ISI lowered their price objective on shares of Energy Recovery from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 19th. B. Riley decreased their price target on shares of Energy Recovery from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, November 19th. Fearnley Fonds downgraded Energy Recovery from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Scotiabank started coverage on Energy Recovery in a research report on Thursday, December 5th. They issued a "buy" rating and a $22.00 target price for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Energy Recovery has a consensus rating of "Buy" and an average target price of $20.75.

Insider Activity at Energy Recovery

In other news, SVP Rodney Clemente sold 19,618 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.00, for a total transaction of $392,360.00. Following the transaction, the senior vice president now owns 114,205 shares of the company's stock, valued at approximately $2,284,100. The trade was a 14.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arve Hanstveit sold 20,000 shares of Energy Recovery stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $16.87, for a total transaction of $337,400.00. Following the sale, the director now owns 743,182 shares of the company's stock, valued at approximately $12,537,480.34. This represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,825 shares of company stock valued at $814,152 in the last three months. 4.10% of the stock is owned by insiders.

Energy Recovery Stock Down 1.6 %

ERII stock traded down $0.23 during trading on Friday, reaching $14.33. The company's stock had a trading volume of 211,685 shares, compared to its average volume of 266,215. The company has a market capitalization of $829.62 million, a P/E ratio of 42.15 and a beta of 1.18. The company's fifty day moving average is $15.23 and its 200-day moving average is $16.35. Energy Recovery, Inc. has a 1 year low of $12.26 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The business had revenue of $38.60 million during the quarter, compared to analyst estimates of $37.37 million. During the same period last year, the company earned $0.17 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. Analysts anticipate that Energy Recovery, Inc. will post 0.36 earnings per share 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.