New York State Common Retirement Fund lowered its position in shares of Energy Recovery, Inc. (NASDAQ:ERII) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,400 shares of the industrial products company’s stock after selling 1,101 shares during the period. New York State Common Retirement Fund owned about 0.10% of Energy Recovery worth $1,130,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of ERII. Rockefeller Capital Management L.P. increased its position in shares of Energy Recovery by 100.0% during the second quarter. Rockefeller Capital Management L.P. now owns 2,000 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 1,000 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Energy Recovery during the second quarter worth about $46,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Energy Recovery during the second quarter worth about $55,000. Lazard Asset Management LLC acquired a new stake in shares of Energy Recovery during the second quarter worth about $60,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Energy Recovery during the second quarter worth about $207,000. Institutional investors and hedge funds own 61.98% of the company’s stock.
Separately, Zacks Investment Research cut Energy Recovery from a “buy” rating to a “hold” rating in a research report on Wednesday, January 5th.
Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings results on Thursday, November 4th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $20.78 million for the quarter, compared to analysts’ expectations of $20.80 million. Energy Recovery had a return on equity of 6.97% and a net margin of 12.88%. During the same quarter in the previous year, the firm posted $0.10 EPS. As a group, equities research analysts predict that Energy Recovery, Inc. will post 0.26 earnings per share for the current year.
In other Energy Recovery news, Director Sherif Foda sold 20,000 shares of Energy Recovery stock in a transaction that occurred on Wednesday, November 24th. The stock was sold at an average price of $22.46, for a total value of $449,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arve Hanstveit sold 25,000 shares of Energy Recovery stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $24.61, for a total value of $615,250.00. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.
Energy Recovery Profile
Energy Recovery, Inc engages in the design and manufacture of industrial fluid flow solutions. It operates through the Water, and Oil and Gas segments. The Water segment in sea, brackish, and contaminated water reverse osmosis desalination solutions. The Oil and Gas segment delivers hydraulic fracturing, gas processing, and chemical processing services.
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