SG Americas Securities LLC Has $283,000 Holdings in Energy Recovery, Inc. (NASDAQ:ERII)

SG Americas Securities LLC raised its holdings in shares of Energy Recovery, Inc. (NASDAQ:ERII) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,293 shares of the industrial products company’s stock after buying an additional 2,263 shares during the quarter. SG Americas Securities LLC’s holdings in Energy Recovery were worth $283,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ERII. Trillium Asset Management LLC acquired a new position in shares of Energy Recovery during the first quarter worth approximately $3,774,000. Millennium Management LLC lifted its holdings in shares of Energy Recovery by 130.3% during the second quarter. Millennium Management LLC now owns 356,595 shares of the industrial products company’s stock worth $4,739,000 after buying an additional 201,770 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Energy Recovery during the first quarter worth approximately $2,372,000. Roubaix Capital LLC acquired a new position in shares of Energy Recovery in the second quarter valued at $1,841,000. Finally, Conestoga Capital Advisors LLC acquired a new position in shares of Energy Recovery in the second quarter valued at $1,192,000. 83.58% of the stock is currently owned by institutional investors and hedge funds.

Energy Recovery Trading Up 4.8 %

Shares of NASDAQ ERII opened at $18.87 on Monday. The business has a fifty day simple moving average of $17.05 and a 200 day simple moving average of $15.06. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 55.50 and a beta of 1.23. Energy Recovery, Inc. has a one year low of $12.26 and a one year high of $19.94.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.10. Energy Recovery had a return on equity of 9.88% and a net margin of 15.40%. The firm had revenue of $27.20 million for the quarter, compared to analysts’ expectations of $23.36 million. On average, research analysts anticipate that Energy Recovery, Inc. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ERII has been the subject of a number of recent research reports. Raymond James upgraded Energy Recovery from an “outperform” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note on Tuesday, July 9th. StockNews.com upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Insider Buying and Selling at Energy Recovery

In related news, CEO David W. Moon purchased 3,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $48,000.00. Following the completion of the transaction, the chief executive officer now directly owns 32,750 shares of the company’s stock, valued at approximately $524,000. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO David W. Moon purchased 3,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $48,000.00. Following the completion of the transaction, the chief executive officer now directly owns 32,750 shares of the company’s stock, valued at approximately $524,000. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rodney Clemente sold 2,353 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $14.63, for a total value of $34,424.39. Following the completion of the sale, the senior vice president now owns 140,328 shares in the company, valued at $2,052,998.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,444 shares of company stock worth $123,536 over the last three months. Company 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.