Energy Recovery, Inc. (NASDAQ:ERII) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in Energy Recovery, Inc. (NASDAQ:ERIIFree Report) by 63.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 560,690 shares of the industrial products company’s stock after acquiring an additional 217,343 shares during the period. New York State Common Retirement Fund owned 0.99% of Energy Recovery worth $11,892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Millburn Ridgefield Corp acquired a new position in Energy Recovery in the third quarter worth $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of Energy Recovery by 79.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,264 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 558 shares during the period. Fifth Third Bancorp acquired a new position in shares of Energy Recovery during the second quarter valued at $46,000. Lazard Asset Management LLC acquired a new position in shares of Energy Recovery during the first quarter valued at $49,000. Finally, Pinebridge Investments L.P. acquired a new position in shares of Energy Recovery during the second quarter valued at $57,000. 79.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Raymond James reduced their price target on shares of Energy Recovery from $30.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd.

View Our Latest Research Report on Energy Recovery

Insiders Place Their Bets

In other Energy Recovery news, CFO Joshua Ballard sold 6,250 shares of Energy Recovery stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $18.50, for a total transaction of $115,625.00. Following the transaction, the chief financial officer now owns 46,152 shares of the company’s stock, valued at approximately $853,812. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Energy Recovery news, Director Joan Kai Chow purchased 1,500 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $17.79 per share, for a total transaction of $26,685.00. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at $26,685. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Joshua Ballard sold 6,250 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $18.50, for a total value of $115,625.00. Following the completion of the transaction, the chief financial officer now owns 46,152 shares of the company’s stock, valued at $853,812. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,900 shares of company stock worth $202,348. Company insiders own 4.70% of the company’s stock.

Energy Recovery Trading Up 2.7 %

Shares of Energy Recovery stock opened at $15.16 on Thursday. The company’s 50-day moving average price is $17.61 and its two-hundred day moving average price is $20.83. The stock has a market cap of $856.84 million, a PE ratio of 56.15 and a beta of 1.29. Energy Recovery, Inc. has a 52 week low of $14.04 and a 52 week high of $30.76.

About Energy Recovery

(Free Report)

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, as well as repair, field, and commissioning services.

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

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