21,700 Shares in Energy Recovery, Inc. (NASDAQ:ERII) Purchased by Versor Investments LP

Versor Investments LP acquired a new position in Energy Recovery, Inc. (NASDAQ:ERII) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 21,700 shares of the industrial products company’s stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Energy Recovery by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,127 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 1,330 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Energy Recovery by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,642 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 1,433 shares in the last quarter. Rhumbline Advisers raised its stake in Energy Recovery by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 95,559 shares of the industrial products company’s stock worth $1,270,000 after purchasing an additional 1,893 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Energy Recovery in the 2nd quarter worth about $26,000. Finally, AQR Capital Management LLC raised its stake in Energy Recovery by 19.8% in the 2nd quarter. AQR Capital Management LLC now owns 11,998 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 1,986 shares in the last quarter. Institutional investors and hedge funds own 83.58% of the company’s stock.

Insider Buying and Selling

In related news, SVP Rodney Clemente sold 6,505 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $17.98, for a total transaction of $116,959.90. Following the completion of the transaction, the senior vice president now directly owns 133,823 shares in the company, valued at $2,406,137.54. This represents a 4.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Moon sold 2,550 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $17.97, for a total transaction of $45,823.50. Following the transaction, the chief executive officer now owns 87,101 shares of the company’s stock, valued at approximately $1,565,204.97. This represents a 2.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,406 shares of company stock worth $828,688 in the last three months. 4.10% of the stock is owned by corporate insiders.

Energy Recovery Trading Down 0.9 %

Shares of NASDAQ:ERII opened at $19.00 on Friday. The firm has a 50 day moving average of $17.61 and a 200-day moving average of $15.61. The stock has a market capitalization of $1.10 billion, a PE ratio of 56.09 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 released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $37.37 million. Energy Recovery had a net margin of 14.35% and a return on equity of 8.90%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. On average, research analysts predict that Energy Recovery, Inc. will post 0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Fearnley Fonds cut shares of Energy Recovery from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. StockNews.com upgraded shares of Energy Recovery from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

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.