Energy Recovery, Inc. (NASDAQ:ERII) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Energy Recovery, Inc. (NASDAQ:ERII) by 82.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 273,885 shares of the industrial products company’s stock after acquiring an additional 123,664 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Energy Recovery were worth $3,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brown Capital Management LLC boosted its holdings 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 buying an additional 1,711,129 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Energy Recovery by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 3,009,429 shares of the industrial products company’s stock worth $47,519,000 after acquiring an additional 53,720 shares in the last quarter. KBC Group NV boosted its stake 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 acquiring an additional 159,143 shares in the last quarter. Robeco Schweiz AG grew its holdings 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 worth $11,648,000 after acquiring an additional 108,130 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Energy Recovery by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 439,205 shares of the industrial products company’s stock worth $8,275,000 after purchasing an additional 5,550 shares during the period. 83.58% of the stock is currently owned by institutional investors.

Energy Recovery Trading Down 1.2 %

Shares of ERII stock opened at $16.24 on Friday. The company has a market capitalization of $931.04 million, a price-to-earnings ratio of 47.76 and a beta of 1.23. Energy Recovery, Inc. has a 1-year low of $12.26 and a 1-year high of $28.00. The stock’s fifty day simple moving average is $15.25 and its 200-day simple moving average is $14.68.

Insider Buying and Selling at Energy Recovery

In related news, CEO David W. Moon purchased 3,000 shares of Energy Recovery stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $16.00 per share, with a total value 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 $524,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO David W. Moon acquired 3,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $48,000.00. Following the purchase, the chief executive officer now owns 32,750 shares in the company, valued at $524,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Farshad Ghasripoor sold 4,079 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $14.63, for a total transaction of $59,675.77. Following the completion of the sale, the chief technology officer now owns 137,487 shares of the company’s stock, valued at approximately $2,011,434.81. The disclosure for this sale can be found here. Insiders have sold a total of 28,444 shares of company stock valued at $387,536 in the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ERII. StockNews.com raised Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James upgraded shares of Energy Recovery from an “outperform” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Tuesday, July 9th.

Energy Recovery Company 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.