Aigen Investment Management LP Has $192,000 Stock Position in Energy Recovery, Inc. (NASDAQ:ERII)

Aigen Investment Management LP reduced its position in Energy Recovery, Inc. (NASDAQ:ERII) by 52.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,044 shares of the industrial products company’s stock after selling 12,003 shares during the quarter. Aigen Investment Management LP’s holdings in Energy Recovery were worth $192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Energy Recovery in the first quarter worth approximately $436,000. ProShare Advisors LLC bought a new position in shares of Energy Recovery during the 1st quarter valued at $158,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Energy Recovery in the 1st quarter valued at $2,372,000. State Board of Administration of Florida Retirement System boosted its holdings in Energy Recovery by 391.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 78,204 shares of the industrial products company’s stock worth $1,235,000 after purchasing an additional 62,287 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Energy Recovery by 1.8% during the first quarter. Vanguard Group Inc. now owns 3,009,429 shares of the industrial products company’s stock worth $47,519,000 after buying an additional 53,720 shares during the last quarter. 83.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ERII shares. Fearnley Fonds downgraded Energy Recovery from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Energy Recovery from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

Insider Activity at Energy Recovery

In related news, CEO David W. Moon sold 2,550 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $17.97, for a total value of $45,823.50. Following the completion of the transaction, the chief executive officer now directly owns 87,101 shares in the company, valued at approximately $1,565,204.97. This represents a 2.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Rodney Clemente sold 4,207 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $20.06, for a total transaction of $84,392.42. Following the completion of the sale, the senior vice president now directly owns 106,367 shares in the company, valued at $2,133,722.02. This trade represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,406 shares of company stock worth $828,688 in the last ninety days. 4.10% of the stock is currently owned by insiders.

Energy Recovery Stock Performance

Shares of NASDAQ:ERII opened at $18.75 on Friday. Energy Recovery, Inc. has a 52-week low of $12.26 and a 52-week high of $20.27. The company has a market cap of $1.09 billion, a P/E ratio of 55.15 and a beta of 1.22. The stock’s 50-day moving average is $17.78 and its 200-day moving average is $15.66.

Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $38.60 million during the quarter, compared to analyst estimates of $37.37 million. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. As a group, equities analysts predict that Energy Recovery, Inc. will post 0.41 EPS for the current year.

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.