Energy Recovery, Inc. $ERII Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in shares of Energy Recovery, Inc. (NASDAQ:ERII) by 40.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,450 shares of the industrial products company’s stock after selling 81,155 shares during the period. JPMorgan Chase & Co. owned about 0.23% of Energy Recovery worth $1,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royce & Associates LP acquired a new stake in Energy Recovery during the third quarter worth about $4,898,000. Walleye Capital LLC acquired a new stake in Energy Recovery during the second quarter worth about $965,000. SG Americas Securities LLC grew its holdings in Energy Recovery by 57.7% during the third quarter. SG Americas Securities LLC now owns 161,813 shares of the industrial products company’s stock worth $2,495,000 after acquiring an additional 59,234 shares during the period. Duff & Phelps Investment Management Co. grew its holdings in Energy Recovery by 23.7% during the third quarter. Duff & Phelps Investment Management Co. now owns 308,006 shares of the industrial products company’s stock worth $4,749,000 after acquiring an additional 59,078 shares during the period. Finally, Cary Street Partners Financial LLC grew its holdings in Energy Recovery by 35.5% during the second quarter. Cary Street Partners Financial LLC now owns 46,027 shares of the industrial products company’s stock worth $588,000 after acquiring an additional 12,053 shares during the period. 83.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Energy Recovery news, SVP Rodney Clemente sold 20,568 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $10.61, for a total transaction of $218,226.48. Following the transaction, the senior vice president owned 116,008 shares in the company, valued at approximately $1,230,844.88. This represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Yeung sold 7,271 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $14.55, for a total value of $105,793.05. Following the completion of the transaction, the insider owned 90,098 shares in the company, valued at approximately $1,310,925.90. This trade represents a 7.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 246,392 shares of company stock worth $2,581,283. 3.20% of the stock is owned by corporate insiders.

Energy Recovery Trading Down 0.9%

Shares of ERII stock opened at $10.33 on Wednesday. The company has a market capitalization of $545.72 million, a P/E ratio of 24.02 and a beta of 1.08. The business’s 50 day moving average is $12.45 and its two-hundred day moving average is $14.07. Energy Recovery, Inc. has a 12-month low of $9.35 and a 12-month high of $18.32.

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

Energy Recovery Profile

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.