Wellington Management Group LLP Has $2.94 Million Stake in Energy Recovery, Inc. (NASDAQ:ERII)

Wellington Management Group LLP grew its holdings in shares of Energy Recovery, Inc. (NASDAQ:ERII) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,878 shares of the industrial products company’s stock after acquiring an additional 5,184 shares during the period. Wellington Management Group LLP owned 0.27% of Energy Recovery worth $2,937,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Brown Capital Management LLC grew its stake in Energy Recovery by 64.7% during the fourth quarter. Brown Capital Management LLC now owns 4,356,963 shares of the industrial products company’s stock worth $82,085,000 after purchasing an additional 1,711,129 shares during the period. KBC Group NV grew its position in shares of Energy Recovery by 17.2% during the 4th quarter. KBC Group NV now owns 1,085,898 shares of the industrial products company’s stock worth $20,458,000 after buying an additional 159,143 shares during the period. Robeco Schweiz AG increased its stake in shares of Energy Recovery by 21.2% in the 4th quarter. Robeco Schweiz AG now owns 618,269 shares of the industrial products company’s stock valued at $11,648,000 after acquiring an additional 108,130 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Energy Recovery by 33.0% during the 4th quarter. New York State Common Retirement Fund now owns 745,853 shares of the industrial products company’s stock valued at $14,052,000 after acquiring an additional 185,163 shares during the period. Finally, Invesco Ltd. boosted its stake in Energy Recovery by 4.6% during the third quarter. Invesco Ltd. now owns 891,312 shares of the industrial products company’s stock worth $18,905,000 after acquiring an additional 39,310 shares in the last quarter. 83.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Energy Recovery news, Director Arve Hanstveit sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $13.20, for a total transaction of $264,000.00. Following the completion of the sale, the director now directly owns 763,182 shares of the company’s stock, valued at approximately $10,074,002.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert Yu Lang Mao sold 21,045 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $13.86, for a total value of $291,683.70. Following the completion of the sale, the director now directly owns 236,099 shares of the company’s stock, valued at approximately $3,272,332.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arve Hanstveit sold 20,000 shares of Energy Recovery stock in a transaction on Friday, June 7th. The stock was sold at an average price of $13.20, for a total transaction of $264,000.00. Following the transaction, the director now directly owns 763,182 shares in the company, valued at $10,074,002.40. The disclosure for this sale can be found here. Insiders have sold 80,096 shares of company stock worth $1,084,084 in the last quarter. Insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Energy Recovery from a “hold” rating to a “sell” rating in a report on Friday, May 3rd.

Energy Recovery Stock Up 0.6 %

NASDAQ ERII opened at $13.29 on Monday. Energy Recovery, Inc. has a 52 week low of $12.26 and a 52 week high of $30.76. The business has a 50 day moving average price of $13.52 and a 200-day moving average price of $15.20. The company has a market cap of $761.92 million, a price-to-earnings ratio of 39.09 and a beta of 1.25.

Energy Recovery (NASDAQ:ERII) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01. The firm had revenue of $12.09 million for the quarter, compared to the consensus estimate of $12.49 million. Energy Recovery had a net margin of 15.38% and a return on equity of 9.82%. On average, equities research analysts anticipate that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.

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.