Dynamic Technology Lab Private Ltd Purchases New Holdings in Energy Recovery, Inc. (NASDAQ:ERII)

Dynamic Technology Lab Private Ltd purchased a new stake in Energy Recovery, Inc. (NASDAQ:ERII) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,924 shares of the industrial products company’s stock, valued at approximately $234,000.

Several other institutional investors have also recently made changes to their positions in ERII. Avanza Fonder AB acquired a new stake in shares of Energy Recovery in the 4th quarter valued at approximately $107,000. Schroder Investment Management Group bought a new stake in Energy Recovery during the fourth quarter worth $160,000. Martin Currie Ltd. lifted its stake in Energy Recovery by 53.7% in the fourth quarter. Martin Currie Ltd. now owns 18,305 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 6,394 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Energy Recovery in the fourth quarter valued at $305,000. Finally, Intech Investment Management LLC bought a new position in shares of Energy Recovery in the 4th quarter valued at about $388,000. Institutional investors and hedge funds own 83.58% of the company’s stock.

Insider Transactions at Energy Recovery

In related news, SVP Rodney Clemente sold 21,444 shares of Energy Recovery 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arve Hanstveit sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $16.34, for a total value of $817,000.00. Following the completion of the transaction, the director now directly owns 693,182 shares in the company, valued at approximately $11,326,593.88. This represents a 6.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.

Energy Recovery Price Performance

ERII stock opened at $14.60 on Friday. Energy Recovery, Inc. has a one year low of $12.26 and a one year high of $20.27. The stock has a market cap of $802.34 million, a price-to-earnings ratio of 42.94 and a beta of 1.05. The company has a fifty day moving average price of $15.43 and a two-hundred day moving average price of $16.08.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Energy Recovery from a “hold” rating to a “buy” rating in a 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $20.75.

About Energy Recovery

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.