Mercer Global Advisors Inc. ADV Buys 3,340 Shares of Energy Recovery, Inc. (NASDAQ:ERII)

Mercer Global Advisors Inc. ADV lifted its holdings in Energy Recovery, Inc. (NASDAQ:ERII) by 20.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,906 shares of the industrial products company’s stock after acquiring an additional 3,340 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Energy Recovery were worth $265,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Sentry Investment Management LLC lifted its holdings in shares of Energy Recovery by 23.2% in the 1st quarter. Sentry Investment Management LLC now owns 7,627 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 1,438 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Energy Recovery by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 95,559 shares of the industrial products company’s stock valued at $1,270,000 after acquiring an additional 1,893 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of Energy Recovery in the 2nd quarter valued at about $26,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Energy Recovery by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,756 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 2,018 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Energy Recovery by 12.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,294 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 2,398 shares during the last quarter. Institutional investors own 83.58% of the company’s stock.

Analyst Ratings Changes

ERII has been the subject of a number of analyst reports. StockNews.com raised shares of Energy Recovery from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James raised shares of Energy Recovery from an “outperform” rating to a “strong-buy” rating and set a $21.00 price target for the company in a report on Tuesday, July 9th.

Energy Recovery Price Performance

Shares of NASDAQ ERII opened at $17.39 on Tuesday. The company has a market cap of $996.97 million, a P/E ratio of 51.15 and a beta of 1.22. Energy Recovery, Inc. has a 1 year low of $12.26 and a 1 year high of $21.32. The firm has a 50-day simple moving average of $16.30 and a two-hundred day simple moving average of $14.77.

Energy Recovery (NASDAQ:ERII) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.10. Energy Recovery had a net margin of 15.40% and a return on equity of 9.88%. The firm had revenue of $27.20 million during the quarter, compared to the consensus estimate of $23.36 million. As a group, equities research analysts expect that Energy Recovery, Inc. will post 0.37 EPS for the current year.

Insider Buying and Selling

In other Energy Recovery news, CEO David W. Moon acquired 3,000 shares of Energy Recovery stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $16.00 per share, with a total value of $48,000.00. Following the completion of the purchase, the chief executive officer now directly owns 32,750 shares of the company’s stock, valued at approximately $524,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Rodney Clemente sold 2,353 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $14.63, for a total transaction of $34,424.39. Following the sale, the senior vice president now directly owns 140,328 shares of the company’s stock, valued at $2,052,998.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David W. Moon acquired 3,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $16.00 per share, for a total transaction of $48,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 32,750 shares of the company’s stock, valued at $524,000. The disclosure for this purchase can be found here. Insiders sold 8,444 shares of company stock valued at $123,536 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.

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.