Wellington Management Group LLP Has $2.15 Million Stock Position in Energy Recovery, Inc. (NASDAQ:ERII)

Wellington Management Group LLP lessened its position in Energy Recovery, Inc. (NASDAQ:ERII - Free Report) by 47.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146,024 shares of the industrial products company's stock after selling 130,887 shares during the quarter. Wellington Management Group LLP owned approximately 0.25% of Energy Recovery worth $2,147,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC increased its stake in shares of Energy Recovery by 2.9% in the fourth quarter. Manchester Capital Management LLC now owns 29,174 shares of the industrial products company's stock worth $429,000 after acquiring an additional 830 shares during the last quarter. DnB Asset Management AS grew its stake in shares of Energy Recovery by 2.9% in the 4th quarter. DnB Asset Management AS now owns 37,395 shares of the industrial products company's stock valued at $550,000 after buying an additional 1,050 shares in the last quarter. Nordea Investment Management AB increased its holdings in 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 buying an additional 1,618 shares during the last quarter. Van ECK Associates Corp raised its position in Energy Recovery by 1.9% during the fourth quarter. Van ECK Associates Corp now owns 97,985 shares of the industrial products company's stock valued at $1,440,000 after acquiring an additional 1,808 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in 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 acquiring an additional 3,176 shares during the last quarter. Hedge funds and other institutional investors own 83.58% of the company's stock.

Energy Recovery Trading Down 0.3 %

Energy Recovery stock traded down $0.04 during trading hours on Friday, reaching $14.83. 388,143 shares of the company were exchanged, compared to its average volume of 403,907. Energy Recovery, Inc. has a 12 month low of $12.26 and a 12 month high of $20.27. The firm has a market cap of $814.98 million, a price-to-earnings ratio of 43.62 and a beta of 1.05. The stock has a 50-day moving average of $15.46 and a 200 day moving average of $15.99.

Energy Recovery (NASDAQ:ERII - Get Free Report) last posted 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). The firm had revenue of $67.08 million for the quarter, compared to the consensus estimate of $67.39 million. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. As a group, research analysts forecast that Energy Recovery, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of 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 assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $20.75.

Insider Buying and Selling at Energy Recovery

In other news, Director Arve Hanstveit sold 50,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 693,182 shares of the company's stock, valued at approximately $11,326,593.88. This represents a 6.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rodney Clemente sold 21,444 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $15.42, for a total transaction of $330,666.48. Following the transaction, the senior vice president now directly owns 111,109 shares in the company, valued at $1,713,300.78. This trade represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.10% 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.