10,873 Shares in Energy Recovery, Inc. (NASDAQ:ERII) Bought by Schroder Investment Management Group

Schroder Investment Management Group purchased a new stake in shares of Energy Recovery, Inc. (NASDAQ:ERII) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,873 shares of the industrial products company’s stock, valued at approximately $160,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ERII. Vanguard Group Inc. lifted its stake in shares of Energy Recovery by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,252,378 shares of the industrial products company’s stock valued at $47,810,000 after acquiring an additional 43,290 shares during the last quarter. Geode Capital Management LLC lifted its position in Energy Recovery by 4.3% in the third quarter. Geode Capital Management LLC now owns 1,358,620 shares of the industrial products company’s stock valued at $23,631,000 after purchasing an additional 56,306 shares during the last quarter. KBC Group NV boosted its stake in shares of Energy Recovery by 0.4% during the fourth quarter. KBC Group NV now owns 1,242,889 shares of the industrial products company’s stock valued at $18,270,000 after purchasing an additional 4,670 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Energy Recovery by 27.8% in the fourth quarter. Baillie Gifford & Co. now owns 1,119,841 shares of the industrial products company’s stock worth $16,462,000 after purchasing an additional 243,653 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Energy Recovery by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 475,473 shares of the industrial products company’s stock worth $6,989,000 after buying an additional 6,834 shares during the period. 83.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Arve Hanstveit sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $16.34, for a total transaction of $817,000.00. Following the sale, the director now owns 693,182 shares in the company, valued at approximately $11,326,593.88. The trade was a 6.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Rodney Clemente sold 21,444 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $15.42, for a total transaction of $330,666.48. Following the completion of the transaction, the senior vice president now owns 111,109 shares of the company’s stock, valued at approximately $1,713,300.78. The trade was a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Energy Recovery from a “hold” rating to a “buy” rating in a research report on Saturday, March 29th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $20.75.

Energy Recovery Stock Performance

ERII opened at $14.31 on Wednesday. The stock has a market capitalization of $786.41 million, a PE ratio of 42.09 and a beta of 1.05. The stock’s 50 day moving average price is $15.40 and its 200-day moving average price is $16.12. Energy Recovery, Inc. has a 52-week low of $12.26 and a 52-week high of $20.27.

Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $67.08 million for the quarter, compared to analysts’ expectations of $67.39 million. Energy Recovery had a net margin of 14.35% and a return on equity of 8.90%. Research analysts forecast that Energy Recovery, Inc. will post 0.36 EPS for the current fiscal year.

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.