138,534 Shares in Energy Recovery, Inc. (NASDAQ:ERII) Acquired by Roubaix Capital LLC

Roubaix Capital LLC bought a new stake in shares of Energy Recovery, Inc. (NASDAQ:ERIIFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 138,534 shares of the industrial products company’s stock, valued at approximately $1,841,000. Roubaix Capital LLC owned about 0.24% of Energy Recovery as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brown Capital Management LLC lifted its holdings in shares of Energy Recovery by 64.7% during the 4th quarter. Brown Capital Management LLC now owns 4,356,963 shares of the industrial products company’s stock valued at $82,085,000 after purchasing an additional 1,711,129 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Energy Recovery by 391.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 78,204 shares of the industrial products company’s stock valued at $1,235,000 after acquiring an additional 62,287 shares in the last quarter. KBC Group NV raised its position in shares of Energy Recovery by 17.2% in the 4th quarter. KBC Group NV now owns 1,085,898 shares of the industrial products company’s stock valued at $20,458,000 after purchasing an additional 159,143 shares during the last quarter. Robeco Schweiz AG boosted its stake in Energy Recovery by 21.2% in the 4th quarter. Robeco Schweiz AG now owns 618,269 shares of the industrial products company’s stock worth $11,648,000 after purchasing an additional 108,130 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Energy Recovery during the 1st quarter worth approximately $2,372,000. 83.58% of the stock is currently owned by institutional investors and hedge funds.

Energy Recovery Stock Up 0.1 %

Shares of ERII opened at $15.83 on Thursday. The company has a market capitalization of $907.53 million, a price-to-earnings ratio of 46.56 and a beta of 1.23. Energy Recovery, Inc. has a 52 week low of $12.26 and a 52 week high of $25.65. The stock’s 50-day moving average price is $15.44 and its 200-day moving average price is $14.67.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com raised Energy Recovery from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James upgraded shares of Energy Recovery from an “outperform” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Tuesday, July 9th.

Read Our Latest Stock Analysis on ERII

Insider Transactions at Energy Recovery

In related news, insider William Yeung sold 2,012 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $14.63, for a total transaction of $29,435.56. Following the sale, the insider now directly owns 85,291 shares of the company’s stock, valued at $1,247,807.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider William Yeung sold 2,012 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.63, for a total value of $29,435.56. Following the completion of the transaction, the insider now owns 85,291 shares of the company’s stock, valued at approximately $1,247,807.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Moon purchased 3,000 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $16.00 per share, for a total transaction of $48,000.00. Following the transaction, the chief executive officer now directly owns 32,750 shares of the company’s stock, valued at approximately $524,000. The disclosure for this purchase can be found here. Insiders have sold 28,444 shares of company stock valued at $387,536 in the last 90 days. 4.10% of the stock is currently owned by company insiders.

Energy Recovery Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Energy Recovery (NASDAQ:ERII)

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