Dimensional Fund Advisors LP Has $11.29 Million Stock Position in Energy Recovery, Inc. (NASDAQ:ERII)

Dimensional Fund Advisors LP lifted its holdings in Energy Recovery, Inc. (NASDAQ:ERII) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 768,091 shares of the industrial products company’s stock after purchasing an additional 89,248 shares during the period. Dimensional Fund Advisors LP’s holdings in Energy Recovery were worth $11,291,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ERII. Avanza Fonder AB acquired a new stake in shares of Energy Recovery in the fourth quarter worth about $107,000. Schroder Investment Management Group bought a new position in shares of Energy Recovery in the 4th quarter valued at approximately $160,000. Polymer Capital Management US LLC bought a new position in shares of Energy Recovery in the 4th quarter valued at approximately $211,000. Dynamic Technology Lab Private Ltd acquired a new stake in Energy Recovery in the 4th quarter worth approximately $234,000. Finally, Martin Currie Ltd. boosted its position in Energy Recovery by 53.7% during the fourth quarter. Martin Currie Ltd. now owns 18,305 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 6,394 shares during the period. 83.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ERII. StockNews.com cut shares of Energy Recovery from a “buy” rating to a “hold” rating in a research note on Thursday. B. Riley lowered shares of Energy Recovery from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $12.50 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Energy Recovery currently has an average rating of “Moderate Buy” and an average price target of $18.88.

Energy Recovery Trading Down 7.3 %

NASDAQ ERII opened at $11.36 on Friday. The firm has a market cap of $622.03 million, a price-to-earnings ratio of 33.41 and a beta of 1.09. Energy Recovery, Inc. has a 1-year low of $10.86 and a 1-year high of $20.27. The company has a 50 day moving average of $15.35 and a 200-day moving average of $15.64.

Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $8.07 million during the quarter, compared to the consensus estimate of $21.97 million. Energy Recovery had a net margin of 14.35% and a return on equity of 8.90%. The company’s revenue for the quarter was down 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) EPS. On average, analysts forecast that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.

Insider Activity

In related news, Director Arve Hanstveit sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $16.34, for a total value of $817,000.00. Following the transaction, the director now owns 693,182 shares in the company, valued at $11,326,593.88. This trade represents a 6.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rodney Clemente sold 21,444 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.42, for a total transaction of $330,666.48. Following the sale, the senior vice president now directly owns 111,109 shares of the company’s stock, valued at approximately $1,713,300.78. This trade represents a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

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.