Energy Recovery (NASDAQ:ERII) Director Arve Hanstveit Sells 165,292 Shares of Stock

Energy Recovery, Inc. (NASDAQ:ERII) Director Arve Hanstveit sold 165,292 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $10.14, for a total value of $1,676,060.88. Following the transaction, the director directly owned 384,928 shares of the company’s stock, valued at approximately $3,903,169.92. This represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Arve Hanstveit also recently made the following trade(s):

• On Friday, March 6th, Arve Hanstveit sold 11,582 shares of Energy Recovery stock. The stock was sold at an average price of $10.62, for a total value of $123,000.84.
• On Thursday, March 5th, Arve Hanstveit sold 38,418 shares of Energy Recovery stock. The stock was sold at an average price of $10.71, for a total value of $411,456.78.

Energy Recovery Stock Up 2.2%

Shares of NASDAQ:ERII opened at $10.42 on Tuesday. The business has a fifty day simple moving average of $12.53 and a 200 day simple moving average of $14.10. Energy Recovery, Inc. has a 12-month low of $9.35 and a 12-month high of $18.32. The firm has a market cap of $550.49 million, a P/E ratio of 24.23 and a beta of 1.08.

Energy Recovery (NASDAQ:ERII) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.14). Energy Recovery had a return on equity of 11.92% and a net margin of 17.01%.The business had revenue of $66.59 million during the quarter, compared to the consensus estimate of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. As a group, equities research analysts expect that Energy Recovery, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ERII. Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Northcoast Research initiated coverage on Energy Recovery in a research report on Friday, March 6th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Loop Capital set a $13.00 target price on Energy Recovery in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Institutional Trading of Energy Recovery

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wexford Capital LP bought a new stake in Energy Recovery in the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. boosted its stake in Energy Recovery by 2,581.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 1,859 shares during the last quarter. Parallel Advisors LLC acquired a new position in Energy Recovery during the 4th quarter valued at about $38,000. State of Alaska Department of Revenue acquired a new position in Energy Recovery during the 3rd quarter valued at about $46,000. Finally, Comerica Bank boosted its stake in Energy Recovery by 150.5% during the 4th quarter. Comerica Bank now owns 3,868 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 2,324 shares during the last quarter. 83.58% of the stock is owned by institutional investors.

About Energy Recovery

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.