JPMorgan Chase & Co. Decreases Stock Position in Energy Recovery, Inc. $ERII

JPMorgan Chase & Co. lessened its position in Energy Recovery, Inc. (NASDAQ:ERII) by 40.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 119,450 shares of the industrial products company’s stock after selling 81,155 shares during the quarter. JPMorgan Chase & Co.’s holdings in Energy Recovery were worth $1,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP purchased a new position in shares of Energy Recovery in the third quarter valued at approximately $4,898,000. Walleye Capital LLC purchased a new position in shares of Energy Recovery in the second quarter valued at approximately $965,000. SG Americas Securities LLC lifted its position in shares of Energy Recovery by 57.7% in the third quarter. SG Americas Securities LLC now owns 161,813 shares of the industrial products company’s stock valued at $2,495,000 after acquiring an additional 59,234 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its position in shares of Energy Recovery by 23.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 308,006 shares of the industrial products company’s stock valued at $4,749,000 after acquiring an additional 59,078 shares in the last quarter. Finally, Cary Street Partners Financial LLC lifted its position in shares of Energy Recovery by 35.5% in the second quarter. Cary Street Partners Financial LLC now owns 46,027 shares of the industrial products company’s stock valued at $588,000 after acquiring an additional 12,053 shares in the last quarter. Hedge funds and other institutional investors own 83.58% of the company’s stock.

Energy Recovery Stock Performance

NASDAQ:ERII opened at $10.33 on Wednesday. Energy Recovery, Inc. has a one year low of $9.35 and a one year high of $18.32. The stock has a market cap of $545.72 million, a PE ratio of 24.02 and a beta of 1.08. The stock has a 50 day moving average price of $12.45 and a 200 day moving average price of $14.07.

Energy Recovery (NASDAQ:ERII) last posted its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.14). Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. The company had revenue of $66.59 million during the quarter, compared to analyst estimates of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. As a group, analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ERII. Weiss Ratings restated a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Northcoast Research started coverage on Energy Recovery in a report on Friday, March 6th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Loop Capital set a $13.00 price target on Energy Recovery in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Insiders Place Their Bets

In other Energy Recovery news, SVP Rodney Clemente sold 20,568 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $10.61, for a total transaction of $218,226.48. Following the completion of the sale, the senior vice president owned 116,008 shares of the company’s stock, valued at $1,230,844.88. This trade represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Yeung sold 7,271 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total value of $105,793.05. Following the sale, the insider directly owned 90,098 shares of the company’s stock, valued at approximately $1,310,925.90. This trade represents a 7.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 246,392 shares of company stock valued at $2,581,283 over the last quarter. 3.20% of the stock is owned by insiders.

About Energy Recovery

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.