Energy Recovery, Inc. (NASDAQ:ERII) SVP Rodney Clemente Sells 19,618 Shares

Energy Recovery, Inc. (NASDAQ:ERII) SVP Rodney Clemente sold 19,618 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.00, for a total transaction of $392,360.00. Following the transaction, the senior vice president now directly owns 114,205 shares of the company’s stock, valued at $2,284,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Rodney Clemente also recently made the following trade(s):

• On Monday, November 11th, Rodney Clemente sold 4,207 shares of Energy Recovery stock. The shares were sold at an average price of $20.06, for a total value of $84,392.42.
• On Monday, October 28th, Rodney Clemente sold 6,505 shares of Energy Recovery stock. The stock was sold at an average price of $17.98, for a total value of $116,959.90.

Energy Recovery Stock Down 2.5 %

Shares of ERII opened at $19.43 on Wednesday. The company has a 50-day moving average price of $17.48 and a two-hundred day moving average price of $15.55. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 57.15 and a beta of 1.22. Energy Recovery, Inc. has a 12 month low of $12.26 and a 12 month high of $20.27.

Energy Recovery (NASDAQ:ERII) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $38.60 million during the quarter, compared to the consensus estimate of $37.37 million. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. Energy Recovery’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS. Equities research analysts expect that Energy Recovery, Inc. will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. acquired a new stake in shares of Energy Recovery during the 2nd quarter worth about $26,000. CWM LLC raised its stake in shares of Energy Recovery by 5,032.5% in the third quarter. CWM LLC now owns 4,260 shares of the industrial products company’s stock valued at $74,000 after acquiring an additional 4,177 shares during the last quarter. Sentry Investment Management LLC raised its stake in shares of Energy Recovery by 23.2% in the first 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. AXA S.A. acquired a new position in shares of Energy Recovery in the 2nd quarter worth approximately $149,000. Finally, ProShare Advisors LLC bought a new stake in Energy Recovery during the 1st quarter worth approximately $158,000. 83.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

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.