BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Energy Recovery, Inc. (NASDAQ:ERII – Free Report) 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
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.
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